Alpha DNA Investment Management LLC Reduces Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Alpha DNA Investment Management LLC reduced its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,299 shares of the bank’s stock after selling 849 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in QCR were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QCRH. State Street Corp lifted its holdings in QCR by 3.4% in the 3rd quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after purchasing an additional 16,006 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of QCR by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank’s stock valued at $37,520,000 after buying an additional 43,439 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of QCR by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock valued at $32,464,000 after buying an additional 1,294 shares during the period. American Century Companies Inc. boosted its position in QCR by 10.5% during the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank’s stock worth $31,264,000 after acquiring an additional 36,930 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in QCR by 29.0% in the 4th quarter. Schroder Investment Management Group now owns 150,525 shares of the bank’s stock valued at $12,141,000 after acquiring an additional 33,806 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Price Performance

QCRH opened at $66.93 on Friday. QCR Holdings, Inc. has a 1 year low of $54.75 and a 1 year high of $96.08. The company’s 50 day simple moving average is $71.63 and its 200 day simple moving average is $78.85. The stock has a market capitalization of $1.13 billion, a PE ratio of 9.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. As a group, sell-side analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Wednesday, March 19th. QCR’s payout ratio is currently 3.58%.

Insider Activity at QCR

In other news, insider James D. Klein sold 630 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now owns 428 shares of the company’s stock, valued at $31,415.20. This represents a 59.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nicole A. Lee bought 1,094 shares of QCR stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the acquisition, 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 disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Raymond James lowered their price objective on QCR from $95.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd.

About QCR

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.