Charles Schwab Investment Management Inc. Increases Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Charles Schwab Investment Management Inc. lifted its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,990 shares of the bank's stock after acquiring an additional 9,292 shares during the period. Charles Schwab Investment Management Inc. owned 0.87% of QCR worth $11,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in QCRH. Principal Financial Group Inc. grew its stake in shares of QCR by 11.2% in the 3rd quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank's stock valued at $615,000 after buying an additional 834 shares during the period. Quest Partners LLC acquired a new position in QCR in the third quarter valued at about $62,000. Connor Clark & Lunn Investment Management Ltd. boosted 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. Alpha DNA Investment Management LLC acquired a new stake in shares of QCR during the third quarter valued at about $455,000. Finally, Quantbot Technologies LP raised its stake in shares of QCR by 408.6% in the 3rd quarter. Quantbot Technologies LP now owns 2,238 shares of the bank's stock valued at $166,000 after acquiring an additional 1,798 shares during the period. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Trading Down 1.3 %

Shares of NASDAQ:QCRH traded down $0.96 during mid-day trading on Tuesday, reaching $72.85. 55,161 shares of the company were exchanged, compared to its average volume of 67,271. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 10.86 and a beta of 0.98. 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 1 year low of $54.37 and a 1 year high of $96.08. The firm's 50-day simple moving average is $76.32 and its 200 day simple moving average is $79.88.

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QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be issued 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 (DPR) is currently 3.58%.

Insider Buying and Selling

In related news, EVP Nicole A. Lee acquired 1,094 shares of the business's stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the transaction, the executive vice president now owns 1,881 shares of the company's stock, valued at $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through 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 sale, the insider now owns 428 shares in the company, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

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.