Connor Clark & Lunn Investment Management Ltd. Has $1.81 Million Holdings in 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 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,396 shares of the bank’s stock after acquiring an additional 12,466 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in QCR were worth $1,806,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of QCRH. Farther Finance Advisors LLC acquired a new position in shares of QCR in the fourth quarter valued at about $35,000. Point72 Asset Management L.P. acquired a new position in shares of QCR in the third quarter valued at about $54,000. Quest Partners LLC acquired a new position in shares of QCR in the third quarter valued at about $62,000. R Squared Ltd bought a new stake in QCR during the fourth quarter worth about $64,000. Finally, Point72 DIFC Ltd bought a new stake in QCR during the third quarter worth about $65,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Trading Down 0.4 %

QCRH opened at $74.04 on Wednesday. QCR Holdings, Inc. has a twelve month low of $54.37 and a twelve month high of $96.08. The company has a 50-day simple moving average of $76.73 and a 200 day simple moving average of $79.96. 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 $1.25 billion, a price-to-earnings ratio of 11.03 and a beta of 0.98.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping 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%. Analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

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

Insider Buying and Selling

In other news, insider James D. Klein sold 630 shares of the stock in a transaction dated 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 transaction, the insider now owns 428 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, EVP Nicole A. Lee bought 1,094 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of $78.47 per share, with a total value of $85,846.18. Following the acquisition, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. The trade was 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 company insiders.

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.