American Century Companies Inc. Purchases 51,471 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

American Century Companies Inc. lifted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 20.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,197 shares of the bank’s stock after purchasing an additional 51,471 shares during the period. American Century Companies Inc. owned 1.83% of QCR worth $18,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its position in QCR by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank’s stock worth $905,000 after acquiring an additional 421 shares during the period. Rhumbline Advisers grew its position in shares of QCR by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock worth $1,584,000 after purchasing an additional 341 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of QCR by 6.6% during the second quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank’s stock worth $448,000 after purchasing an additional 463 shares during the period. Innealta Capital LLC acquired a new stake in shares of QCR in the second quarter valued at approximately $35,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of QCR in the second quarter valued at approximately $496,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $82.00 price objective (up from $70.00) on shares of QCR in a report on Monday, July 29th.

QCR Price Performance

QCRH stock opened at $75.54 on Friday. The company’s 50-day moving average price is $72.98 and its two-hundred day moving average price is $62.89. The firm has a market cap of $1.27 billion, a P/E ratio of 11.26 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. QCR Holdings, Inc. has a 12 month low of $45.83 and a 12 month high of $79.61.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.34. QCR had a net margin of 19.37% and a return on equity of 12.90%. The business had revenue of $150.64 million for the quarter, compared to analysts’ expectations of $82.20 million. During the same period last year, the firm posted $1.69 earnings per share. On average, analysts anticipate that QCR Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.32%. QCR’s dividend payout ratio (DPR) is currently 3.58%.

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.