American Century Companies Inc. Boosts Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

American Century Companies Inc. increased its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,702 shares of the bank’s stock after buying an additional 36,930 shares during the period. American Century Companies Inc. owned 2.30% of QCR worth $31,264,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Magnetar Financial LLC boosted its stake in shares of QCR by 102.9% during the 4th quarter. Magnetar Financial LLC now owns 7,835 shares of the bank’s stock worth $632,000 after acquiring an additional 3,973 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in QCR by 125.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,396 shares of the bank’s stock worth $1,806,000 after purchasing an additional 12,466 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in QCR in the fourth quarter valued at approximately $35,000. AlphaQuest LLC increased its position in shares of QCR by 1,080.5% in the fourth quarter. AlphaQuest LLC now owns 9,893 shares of the bank’s stock valued at $798,000 after buying an additional 9,055 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of QCR during the 4th quarter worth approximately $1,623,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Price Performance

QCR stock opened at $71.96 on Friday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 10.72 and a beta of 0.98. The company’s fifty day moving average price is $75.73 and its 200 day moving average price is $79.78. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08.

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

QCR Dividend Announcement

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

Insider Transactions at QCR

In other QCR news, EVP Nicole A. Lee acquired 1,094 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price 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 in the company, valued at approximately $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the insider now directly owns 428 shares in the company, valued at $31,415.20. This trade 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.

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.