Magnetar Financial LLC Buys 3,973 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Magnetar Financial LLC boosted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 102.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in shares of QCR in the fourth quarter valued at about $35,000. Point72 Asset Management L.P. acquired a new stake in QCR in the 3rd quarter valued at about $54,000. Quest Partners LLC acquired a new stake in QCR in the 3rd quarter valued at about $62,000. R Squared Ltd bought a new position in shares of QCR in the fourth quarter worth about $64,000. Finally, Point72 DIFC Ltd acquired a new position in shares of QCR during the third quarter worth approximately $65,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Price Performance

Shares of QCRH traded up $0.27 during mid-day trading on Wednesday, hitting $73.12. 55,346 shares of the company traded hands, compared to its average volume of 67,323. 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 business has a 50-day moving average of $76.20 and a 200 day moving average of $79.88. 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 $1.24 billion, a price-to-earnings ratio of 10.90 and a beta of 0.98.

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QCR (NASDAQ:QCRH - Get Free Report) last announced 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 analysts expect 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. Investors of record on Wednesday, March 19th will be given a $0.06 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. QCR's payout ratio is 3.58%.

Insiders Place Their Bets

In other news, insider James D. Klein sold 630 shares of QCR stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the sale, the insider now owns 428 shares in the company, valued at $31,415.20. The trade was a 59.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nicole A. Lee acquired 1,094 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired 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 directly owns 1,881 shares of the company's stock, valued at $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company's stock.

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.