QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC reduced its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,903 shares of the bank's stock after selling 6,308 shares during the quarter. Dean Investment Associates LLC owned approximately 0.25% of QCR worth $3,379,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings 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 buying an additional 16,006 shares during the last quarter. JPMorgan Chase & Co. lifted its position in QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after acquiring an additional 43,439 shares during the period. Geode Capital Management LLC grew its stake in QCR by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 402,487 shares of the bank's stock valued at $32,464,000 after purchasing an additional 1,294 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of QCR by 10.5% in the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock valued at $31,264,000 after purchasing an additional 36,930 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of QCR by 29.0% in the fourth quarter. Schroder Investment Management Group now owns 150,525 shares of the bank's stock worth $12,141,000 after purchasing an additional 33,806 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

Insider Transactions at QCR

In related news, EVP Nicole A. Lee purchased 1,094 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now owns 1,881 shares of the company's stock, valued at $147,602.07. This represents a 139.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction that occurred on Friday, March 14th. The stock was 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 directly owns 428 shares in the company, 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. Corporate insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

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

QCR Stock Performance

Shares of QCRH stock traded up $1.65 on Tuesday, hitting $67.48. The company had a trading volume of 16,607 shares, compared to its average volume of 72,584. The firm has a market cap of $1.14 billion, a P/E ratio of 10.05 and a beta of 0.81. QCR Holdings, Inc. has a twelve month low of $54.75 and a twelve month high of $96.08. The company has a 50-day moving average price of $71.41 and a 200-day moving average price of $78.87. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH - Get Free Report) last posted its 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 net margin of 19.06% and a return on equity of 12.68%. As a group, equities research analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's dividend payout ratio (DPR) is presently 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.