Jane Street Group LLC Decreases Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Jane Street Group LLC decreased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 46.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,551 shares of the bank’s stock after selling 12,529 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of QCR worth $1,173,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in QCR during the fourth quarter worth approximately $35,000. R Squared Ltd purchased a new stake in QCR in the fourth quarter valued at $64,000. LPL Financial LLC purchased a new stake in QCR in the fourth quarter valued at $263,000. Aquatic Capital Management LLC lifted its position in QCR by 109.9% in the fourth quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank’s stock valued at $288,000 after acquiring an additional 1,869 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in QCR in the fourth quarter valued at $307,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Price Performance

QCRH stock opened at $70.80 on Wednesday. QCR Holdings, Inc. has a twelve month low of $54.75 and a twelve month high of $96.08. The company has a market capitalization of $1.20 billion, a P/E ratio of 10.55 and a beta of 0.80. The business has a 50 day simple moving average of $68.38 and a 200-day simple moving average of $77.28. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. QCR had a net margin of 19.06% and a return on equity of 12.68%. The business had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. During the same quarter in the prior year, the firm earned $1.59 earnings per share. As a group, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

Insider Transactions at QCR

In related news, insider James D. Klein sold 630 shares of the stock in a transaction on Friday, March 14th. The stock was 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 directly owns 428 shares of the company’s stock, valued at $31,415.20. This trade represents a 59.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Larry J. Helling purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the completion of the acquisition, the chief executive officer now owns 40,264 shares of the company’s stock, valued at approximately $2,598,235.92. This trade represents a 2.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QCRH. Raymond James set a $78.00 price target on shares of QCR and gave the company an “outperform” rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price objective on QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler decreased their price objective on QCR from $98.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 24th.

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.