American Century Companies Inc. Has $26.90 Million Holdings in QCR Holdings, Inc. $QCRH

Key Points

• American Century Companies Inc. reduced its holdings in QCR Holdings, Inc. by 2.7%, selling 10,539 shares, and now owns approximately 2.23% of the company valued at $26,899,000.
• QCR Holdings reported earnings of $1.73 per share, exceeding analysts' expectations of $1.63, despite revenue coming in below estimates at $84.20 million.
• The firm declared a quarterly dividend of $0.06 per share, representing an annualized yield of 0.3%, with the payout set for October 3rd to investors of record on September 18th.

American Century Companies Inc. lessened its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 377,163 shares of the bank's stock after selling 10,539 shares during the period. American Century Companies Inc. owned approximately 2.23% of QCR worth $26,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC grew its holdings in shares of QCR by 3,042.1% during the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after buying an additional 578 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in QCR in the first quarter valued at $46,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of QCR during the fourth quarter worth $237,000. R Squared Ltd raised its holdings in shares of QCR by 309.3% during the first quarter. R Squared Ltd now owns 3,250 shares of the bank's stock worth $232,000 after purchasing an additional 2,456 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of QCR during the fourth quarter worth $263,000. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Stock Up 0.2%

QCRH traded up $0.13 during midday trading on Monday, hitting $79.09. 87,878 shares of the company's stock traded hands, compared to its average volume of 103,265. The company has a market cap of $1.34 billion, a PE ratio of 11.91 and a beta of 0.83. The stock's fifty day simple moving average is $72.05 and its 200-day simple moving average is $70.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. QCR had a net margin of 19.43% and a return on equity of 11.71%. The firm had revenue of $84.20 million for the quarter, compared to analyst estimates of $95.11 million. As a group, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. QCR's payout ratio is currently 3.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on QCRH shares. Wall Street Zen upgraded shares of QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Piper Sandler boosted their price objective on QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 target price (up from $90.00) on shares of QCR in a research report on Friday, July 25th. Finally, DA Davidson raised their target price on QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, QCR presently has an average rating of "Buy" and a consensus price target of $87.38.

QCR Company 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.