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

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

A number of other large investors have also made changes to their positions in QCRH. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in QCR by 125.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,396 shares of the bank’s stock valued at $1,806,000 after acquiring an additional 12,466 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in QCR in the fourth quarter valued at approximately $35,000. AlphaQuest LLC lifted its holdings in QCR by 1,080.5% in the fourth quarter. AlphaQuest LLC now owns 9,893 shares of the bank’s stock valued at $798,000 after acquiring an additional 9,055 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in QCR in the fourth quarter valued at approximately $1,623,000. Finally, Raymond James Financial Inc. acquired a new position in QCR in the fourth quarter valued at approximately $3,979,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Nicole A. Lee purchased 1,094 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the purchase, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James D. Klein sold 630 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the transaction, the insider now owns 428 shares in the company, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

QCR Trading Down 1.3 %

QCRH opened at $71.77 on Friday. QCR Holdings, Inc. has a one year low of $54.37 and a one year high of $96.08. The stock has a market capitalization of $1.21 billion, a PE ratio of 10.70 and a beta of 0.98. The business’s 50 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 quick ratio of 0.99 and a current ratio of 1.02.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. As a group, equities research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, March 19th. QCR’s dividend payout ratio (DPR) 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.