QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC cut its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,759 shares of the bank’s stock after selling 1,134 shares during the quarter. Legato Capital Management LLC owned approximately 0.11% of QCR worth $1,432,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of QCR by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock valued at $404,000 after buying an additional 142 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in QCR during the 3rd quarter valued at about $54,000. R Squared Ltd acquired a new stake in QCR in the 4th quarter valued at about $64,000. Principal Financial Group Inc. raised its holdings in QCR by 11.2% in the 3rd quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock valued at $615,000 after acquiring an additional 834 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in QCR in the 3rd quarter worth approximately $62,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Price Performance

QCRH stock opened at $76.64 on Thursday. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08. 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 firm has a market capitalization of $1.29 billion, a PE ratio of 11.42 and a beta of 0.97. The business has a 50 day simple moving average of $81.52 and a 200-day simple moving average of $79.66.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. Equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, December 13th. QCR’s dividend payout ratio is currently 3.58%.

Insider Buying and Selling

In other news, EVP Nicole A. Lee purchased 1,094 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by company insiders.

QCR Company 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.