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

Jane Street Group LLC trimmed its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 46.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,551 shares of the bank's stock after selling 12,529 shares during the quarter. Jane Street Group LLC owned 0.09% of QCR worth $1,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCRH. Farther Finance Advisors LLC bought a new stake in QCR in the 4th quarter worth about $35,000. R Squared Ltd bought a new position in QCR in the fourth quarter valued at $64,000. LPL Financial LLC bought a new stake in QCR in the fourth quarter worth $263,000. Aquatic Capital Management LLC raised its holdings in QCR by 109.9% during the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock valued at $288,000 after buying an additional 1,869 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in QCR in the 4th quarter worth $307,000. Institutional investors and hedge funds own 70.01% of the company's stock.

Insiders Place Their Bets

In other QCR news, CEO Larry J. Helling acquired 1,000 shares of the business's stock in a transaction on Monday, April 28th. The stock was purchased at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the transaction, the chief executive officer now owns 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James D. Klein sold 630 shares of the company's stock in a transaction dated 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 $31,415.20. This represents a 59.55% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

QCRH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Raymond James set a $78.00 price target on shares of QCR and gave the company an "outperform" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of QCR from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Piper Sandler lowered their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th.

QCR Stock Down 0.8%

Shares of QCRH traded down $0.53 during mid-day trading on Monday, hitting $67.67. 66,544 shares of the company's stock were exchanged, compared to its average volume of 77,439. The stock's 50-day moving average is $67.88 and its 200-day moving average is $76.68. 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 company has a market cap of $1.15 billion, a price-to-earnings ratio of 10.08 and a beta of 0.80. QCR Holdings, Inc. has a fifty-two week low of $54.75 and a fifty-two week high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $94.01 million. During the same period in the prior year, the company earned $1.59 earnings per share. On average, sell-side analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

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.