Farther Finance Advisors LLC Purchases New Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Farther Finance Advisors LLC purchased a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 428 shares of the bank’s stock, valued at approximately $35,000.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock valued at $31,229,000 after purchasing an additional 41,043 shares during the last quarter. Barclays PLC grew its holdings in QCR by 148.9% during 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. Alpha DNA Investment Management LLC purchased a new stake in QCR in the 3rd quarter valued at about $455,000. Jane Street Group LLC boosted its position in QCR by 48.9% in the 3rd 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 period. Finally, Assenagon Asset Management S.A. purchased a new stake in QCR in the 4th quarter valued at about $3,755,000. 70.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QCR

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

QCR Price Performance

QCR stock opened at $71.77 on Monday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 10.70 and a beta of 0.98. 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 1 year low of $54.37 and a 1 year high of $96.08. The firm has a 50-day moving average of $76.39 and a two-hundred day moving average of $79.88.

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

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.33%. QCR’s dividend payout ratio (DPR) is 3.58%.

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.