Connor Clark & Lunn Investment Management Ltd. Has $735,000 Stock Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Connor Clark & Lunn Investment Management Ltd. increased its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 40.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,930 shares of the bank’s stock after buying an additional 2,862 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of QCR worth $735,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of QCR by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock valued at $62,787,000 after acquiring an additional 13,567 shares during the period. Renaissance Technologies LLC grew its holdings in QCR by 2.7% during the second quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock worth $20,110,000 after purchasing an additional 8,800 shares during the period. American Century Companies Inc. increased its position in 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 buying an additional 51,471 shares during the last quarter. Bank of New York Mellon Corp raised its stake in QCR by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank’s stock valued at $5,333,000 after buying an additional 3,270 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of QCR by 5.3% in the third quarter. Empowered Funds LLC now owns 64,027 shares of the bank’s stock valued at $4,740,000 after buying an additional 3,216 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QCR

In other news, CAO Nick W. Anderson sold 675 shares of the business’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 completion of the sale, the chief accounting officer now owns 782 shares of the company’s stock, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

QCR Stock Down 0.4 %

QCRH stock opened at $93.51 on Friday. QCR Holdings, Inc. has a 1-year low of $49.47 and a 1-year high of $96.08. The business’s 50 day simple moving average is $81.80 and its 200 day simple moving average is $71.26. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.58 billion, a PE ratio of 13.57 and a beta of 0.93.

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

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.24 annualized dividend and a yield of 0.26%. QCR’s dividend payout ratio (DPR) is presently 3.48%.

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.