Connor Clark & Lunn Investment Management Ltd. Acquires 12,466 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 125.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,396 shares of the bank’s stock after purchasing an additional 12,466 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of QCR worth $1,806,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of QCR in the fourth quarter worth $35,000. Point72 Asset Management L.P. acquired a new position in QCR during the third quarter worth $54,000. R Squared Ltd acquired a new position in QCR during the fourth quarter worth $64,000. Quest Partners LLC acquired a new position in QCR during the third quarter worth $62,000. Finally, Point72 DIFC Ltd acquired a new position in QCR during the third quarter worth $65,000. Institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

In other QCR news, insider James D. Klein sold 630 shares of the company’s 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 transaction, the insider now directly owns 428 shares in the company, valued at $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nicole A. Lee acquired 1,094 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

QCR Price Performance

Shares of QCRH opened at $74.04 on Wednesday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 11.03 and a beta of 0.98. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08. The company’s fifty day simple moving average is $76.73 and its 200 day simple moving average is $79.96. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last issued its earnings results 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 net margin of 19.06% and a return on equity of 12.68%. On average, research analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. QCR’s dividend payout ratio is currently 3.58%.

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.