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

Charles Schwab Investment Management Inc. lifted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,990 shares of the bank’s stock after buying an additional 9,292 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.87% of QCR worth $11,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCRH. Denali Advisors LLC grew its stake in shares of QCR by 31.1% in the 4th quarter. Denali Advisors LLC now owns 64,199 shares of the bank’s stock worth $5,177,000 after buying an additional 15,221 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in QCR in the fourth quarter worth about $599,000. New York State Common Retirement Fund increased its stake in QCR by 23.7% during the fourth quarter. New York State Common Retirement Fund now owns 19,339 shares of the bank’s stock worth $1,559,000 after acquiring an additional 3,700 shares during the last quarter. Principal Financial Group Inc. raised its position in QCR by 7.7% during the fourth quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank’s stock valued at $721,000 after purchasing an additional 640 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of QCR by 0.6% in the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank’s stock valued at $2,102,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

In other news, insider James D. Klein sold 630 shares of the business’s stock in a transaction dated 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 owns 428 shares in the company, valued at approximately $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicole A. Lee purchased 1,094 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at $147,602.07. This represents a 139.01 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

QCR Price Performance

QCR stock opened at $71.77 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of 10.70 and a beta of 0.98. QCR Holdings, Inc. has a 12-month low of $54.37 and a 12-month high of $96.08. The firm has a 50-day moving average price of $76.39 and a 200-day moving average price of $79.83. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, beating 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 forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date is Wednesday, March 19th. QCR’s payout ratio is 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.