Fmr LLC Has $96.42 Million Position in QCR Holdings, Inc. (NASDAQ:QCRH)

FMR LLC lowered its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,195,735 shares of the bank's stock after selling 259,778 shares during the period. FMR LLC owned approximately 7.09% of QCR worth $96,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in shares of QCR by 3.4% in the 3rd quarter. State Street Corp now owns 481,809 shares of the bank's stock valued at $35,696,000 after purchasing an additional 16,006 shares during the period. JPMorgan Chase & Co. increased its position in shares of QCR by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after acquiring an additional 43,439 shares during the last quarter. Geode Capital Management LLC raised its holdings in QCR by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank's stock worth $32,464,000 after acquiring an additional 1,294 shares in the last quarter. American Century Companies Inc. boosted its position 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 purchasing an additional 36,930 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of QCR by 29.0% during the 4th 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. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

QCR Stock Performance

Shares of QCRH traded up $1.03 during trading hours on Friday, hitting $66.93. The company had a trading volume of 97,848 shares, compared to its average volume of 72,839. QCR Holdings, Inc. has a 12 month low of $54.75 and a 12 month high of $96.08. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.97 and a beta of 0.81. The business has a fifty day moving average of $71.63 and a 200-day moving average of $78.85. 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 quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping 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%. Equities analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's dividend payout ratio is presently 3.58%.

Insider Activity at QCR

In other QCR news, EVP Nicole A. Lee purchased 1,094 shares of the company's stock in a transaction 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 completion of the purchase, the executive vice president now owns 1,881 shares in the company, valued at $147,602.07. This represents a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Klein sold 630 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 428 shares of the company's stock, 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 company 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.