Magnetar Financial LLC Boosts Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Magnetar Financial LLC lifted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 102.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,835 shares of the bank’s stock after acquiring an additional 3,973 shares during the quarter. Magnetar Financial LLC’s holdings in QCR were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of QCR by 10.8% during the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock worth $31,229,000 after acquiring an additional 41,043 shares during the period. Barclays PLC increased its holdings in QCR by 148.9% in the third quarter. Barclays PLC now owns 30,805 shares of the bank’s stock valued at $2,281,000 after buying an additional 18,430 shares during the last quarter. Alpha DNA Investment Management LLC purchased a new position in QCR in the third quarter valued at $455,000. Jane Street Group LLC increased its holdings in QCR by 48.9% in the third quarter. Jane Street Group LLC now owns 27,080 shares of the bank’s stock valued at $2,005,000 after buying an additional 8,890 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in QCR in the fourth quarter valued at $3,755,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insiders Place Their Bets

In other QCR news, insider James D. Klein sold 630 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the transaction, the insider now owns 428 shares of the company’s stock, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nicole A. Lee acquired 1,094 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following 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 position. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

QCR Stock Performance

NASDAQ:QCRH opened at $71.77 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of 10.70 and a beta of 0.98. The business’s fifty day moving average price is $76.39 and its 200 day moving average price is $79.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08.

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

QCR Announces Dividend

The company 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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, March 19th. QCR’s payout ratio is 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.