UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,902 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,820 shares of the bank’s stock after selling 2,902 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of QCR worth $2,282,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of QCR by 20.1% during the second quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock worth $18,432,000 after acquiring an additional 51,471 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of QCR by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after buying an additional 13,567 shares in the last quarter. Inspire Investing LLC bought a new position in shares of QCR during the third quarter worth about $818,000. Versor Investments LP acquired a new stake in QCR in the 3rd quarter valued at approximately $733,000. Finally, Renaissance Technologies LLC lifted its stake in QCR by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock valued at $20,110,000 after acquiring an additional 8,800 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

Insider Buying and Selling at QCR

In other news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction dated 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. This represents a 46.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

QCR Price Performance

Shares of QCRH opened at $88.37 on Friday. The company has a 50 day moving average of $85.47 and a 200-day moving average of $73.77. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.49 billion, a P/E ratio of 12.83 and a beta of 0.96. QCR Holdings, Inc. has a twelve month low of $53.22 and a twelve month high of $96.08.

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

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.06 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. QCR’s dividend payout ratio is 3.48%.

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.