Assenagon Asset Management S.A. Buys New Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Assenagon Asset Management S.A. purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,564 shares of the bank’s stock, valued at approximately $3,755,000. Assenagon Asset Management S.A. owned about 0.28% of QCR at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QCRH. JPMorgan Chase & Co. lifted its position in QCR by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock valued at $31,229,000 after acquiring an additional 41,043 shares during the last quarter. Barclays PLC lifted its holdings in shares of QCR by 148.9% in the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank’s stock valued at $2,281,000 after purchasing an additional 18,430 shares during the last quarter. Versor Investments LP acquired a new stake in shares of QCR in the 3rd quarter valued at about $733,000. Alpha DNA Investment Management LLC acquired a new position in QCR during the third quarter worth approximately $455,000. Finally, Jane Street Group LLC increased its position in QCR by 48.9% during the third quarter. Jane Street Group LLC now owns 27,080 shares of the bank’s stock worth $2,005,000 after buying an additional 8,890 shares during the period. 70.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now owns 782 shares in the company, valued at approximately $64,069.26. This trade represents a 46.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

QCR Stock Up 1.1 %

Shares of NASDAQ:QCRH opened at $81.55 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The stock has a market cap of $1.38 billion, a P/E ratio of 11.84 and a beta of 0.98. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08. The firm has a fifty day moving average price of $85.67 and a 200 day moving average price of $78.32.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. The company had revenue of $152.58 million during 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 quarter in the prior year, the firm earned $1.51 EPS. Sell-side analysts predict that QCR Holdings, Inc. will post 6.74 EPS for the current year.

QCR Dividend Announcement

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

About QCR

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.