ExodusPoint Capital Management LP Purchases 5,338 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

ExodusPoint Capital Management LP grew its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 48.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,255 shares of the bank's stock after purchasing an additional 5,338 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.10% of QCR worth $1,311,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in QCR by 30.1% in the third quarter. BNP Paribas Financial Markets now owns 4,372 shares of the bank's stock worth $324,000 after purchasing an additional 1,012 shares during the period. Point72 Asset Management L.P. bought a new stake in QCR in the 3rd quarter worth about $54,000. State Street Corp increased its position in shares of QCR by 3.4% during the third quarter. State Street Corp now owns 481,809 shares of the bank's stock valued at $35,696,000 after acquiring an additional 16,006 shares during the last quarter. Wellington Management Group LLP increased its position in shares of QCR by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 253,452 shares of the bank's stock valued at $18,763,000 after purchasing an additional 12,052 shares during the last quarter. Finally, Jane Street Group LLC raised its position in QCR by 48.9% in the third quarter. Jane Street Group LLC now owns 27,080 shares of the bank's stock worth $2,005,000 after acquiring an additional 8,890 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider James D. Klein sold 630 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 428 shares of the company's stock, valued at approximately $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicole A. Lee acquired 1,094 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the acquisition, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This 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 insiders.

QCR Price Performance

NASDAQ QCRH traded up $1.43 during trading hours on Tuesday, hitting $65.43. The company had a trading volume of 11,393 shares, compared to its average volume of 71,939. The firm has a 50 day simple moving average of $72.55 and a 200 day simple moving average of $79.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.75 and a beta of 0.81. QCR Holdings, Inc. has a 52 week low of $54.37 and a 52 week high of $96.08.

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

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's payout ratio is currently 3.58%.

Wall Street Analyst Weigh In

Separately, Raymond James dropped their price target on QCR from $95.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd.

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.