QCR Holdings, Inc. (NASDAQ:QCRH) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC boosted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 48.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,080 shares of the bank’s stock after purchasing an additional 8,890 shares during the quarter. Jane Street Group LLC owned about 0.16% of QCR worth $2,005,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC purchased a new stake in QCR during the second quarter worth approximately $35,000. Point72 Asset Management L.P. purchased a new position in QCR in the third quarter valued at about $54,000. Quest Partners LLC bought a new stake in shares of QCR in the third quarter worth $62,000. Point72 DIFC Ltd bought a new stake in shares of QCR in the 3rd quarter worth about $65,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of QCR during the 3rd quarter valued at approximately $111,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Price Performance

QCRH opened at $81.85 on Wednesday. QCR Holdings, Inc. has a fifty-two week low of $53.22 and a fifty-two week high of $96.08. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 11.88 and a beta of 0.96. 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 company’s 50-day moving average price is $86.39 and its 200 day moving average price is $75.05.

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

QCR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Friday, December 13th. QCR’s payout ratio is 3.48%.

Insiders Place Their Bets

In other QCR news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at $64,069.26. This represents a 46.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.

QCR Company 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.