Prudential Financial Inc. Sells 5,620 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Prudential Financial Inc. reduced its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,992 shares of the bank’s stock after selling 5,620 shares during the period. Prudential Financial Inc.’s holdings in QCR were worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of QCRH. LPL Financial LLC purchased a new position in QCR in the fourth quarter worth about $263,000. KLP Kapitalforvaltning AS purchased a new position in shares of QCR in the fourth quarter worth approximately $307,000. Sei Investments Co. grew its position in QCR by 31.9% during the fourth quarter. Sei Investments Co. now owns 6,850 shares of the bank’s stock valued at $552,000 after buying an additional 1,655 shares during the period. American Century Companies Inc. increased its holdings in QCR by 10.5% during the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank’s stock valued at $31,264,000 after buying an additional 36,930 shares during the last quarter. Finally, Magnetar Financial LLC raised its position in QCR by 102.9% in the fourth quarter. Magnetar Financial LLC now owns 7,835 shares of the bank’s stock worth $632,000 after acquiring an additional 3,973 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

In other news, EVP Nicole A. Lee acquired 1,094 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the transaction, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James D. Klein sold 630 shares of the company’s 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 transaction, the insider now directly 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. Insiders own 3.70% of the company’s stock.

QCR Trading Up 0.7 %

Shares of QCR stock opened at $71.81 on Wednesday. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08. The company’s fifty day simple moving average is $75.35 and its 200-day simple moving average is $79.84. 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 capitalization of $1.21 billion, a PE ratio of 10.70 and a beta of 0.98.

QCR (NASDAQ:QCRH) last released its quarterly earnings results 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 return on equity of 12.68% and a net margin of 19.06%. As a group, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, March 19th. QCR’s payout ratio is 3.58%.

QCR Company 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.