Jacobs Asset Management LLC Trims Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Jacobs Asset Management LLC lessened its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 21.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,751 shares of the bank’s stock after selling 29,474 shares during the period. QCR comprises about 5.3% of Jacobs Asset Management LLC’s portfolio, making the stock its 8th largest holding. Jacobs Asset Management LLC owned 0.64% of QCR worth $7,977,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Centiva Capital LP acquired a new stake in shares of QCR in the 3rd quarter worth about $441,000. BNP Paribas Financial Markets grew its holdings in shares of QCR by 30.1% during the third quarter. BNP Paribas Financial Markets now owns 4,372 shares of the bank’s stock valued at $324,000 after buying an additional 1,012 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of QCR by 408.6% during the 3rd quarter. Quantbot Technologies LP now owns 2,238 shares of the bank’s stock worth $166,000 after acquiring an additional 1,798 shares during the last quarter. Alpha DNA Investment Management LLC purchased a new position in shares of QCR during the third quarter valued at about $455,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in QCR by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,698 shares of the bank’s stock worth $10,120,000 after purchasing an additional 2,328 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QCR

In related news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the sale, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

QCR Price Performance

NASDAQ QCRH opened at $91.82 on Tuesday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 13.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The stock’s fifty day moving average price is $82.48 and its 200 day moving average price is $71.90. QCR Holdings, Inc. has a 1 year low of $50.29 and a 1 year high of $96.08.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The company had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. As a group, equities research analysts forecast that QCR Holdings, Inc. will post 6.73 earnings per share for the current year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, December 13th. QCR’s dividend payout ratio is presently 3.48%.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.