American Century Companies Inc. Has $31.26 Million Position in QCR Holdings, Inc. (NASDAQ:QCRH)

American Century Companies Inc. raised its holdings in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 10.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,702 shares of the bank's stock after purchasing an additional 36,930 shares during the quarter. American Century Companies Inc. owned 2.30% of QCR worth $31,264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of QCR in the third quarter worth $62,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in QCR by 40.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,930 shares of the bank's stock worth $735,000 after buying an additional 2,862 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in QCR by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,698 shares of the bank's stock valued at $10,120,000 after purchasing an additional 2,328 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of QCR by 408.6% during the 3rd quarter. Quantbot Technologies LP now owns 2,238 shares of the bank's stock valued at $166,000 after buying an additional 1,798 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of QCR by 30.1% during the third quarter. BNP Paribas Financial Markets now owns 4,372 shares of the bank's stock valued at $324,000 after purchasing an additional 1,012 shares during the period. Institutional investors and hedge funds own 70.01% of the company's stock.

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Analyst Ratings Changes

Separately, Raymond James decreased their price objective on shares of QCR from $95.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday.

Insider Buying and Selling at QCR

In other news, EVP Nicole A. Lee purchased 1,094 shares of QCR stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $78.47 per share, with a total value of $85,846.18. Following the completion of the transaction, the executive vice president now directly owns 1,881 shares in the company, valued at $147,602.07. This trade represents a 139.01 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James D. Klein sold 630 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

QCR Price Performance

Shares of NASDAQ:QCRH traded up $0.09 on Wednesday, reaching $71.90. 80,556 shares of the company traded hands, compared to its average volume of 70,294. 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 fifty-two week low of $54.37 and a fifty-two week high of $96.08. The stock has a market capitalization of $1.22 billion, a PE ratio of 10.72 and a beta of 0.98. The company's 50 day moving average is $75.17 and its 200-day moving average is $79.78.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates 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, analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

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