Fmr LLC Sells 259,778 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

FMR LLC trimmed its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,195,735 shares of the bank's stock after selling 259,778 shares during the period. FMR LLC owned about 7.09% of QCR worth $96,424,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in QCRH. Dynamic Technology Lab Private Ltd bought a new stake in QCR during the fourth quarter valued at about $829,000. Wells Fargo & Company MN increased its holdings in QCR by 15.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,967 shares of the bank's stock worth $1,207,000 after acquiring an additional 1,991 shares in the last quarter. ExodusPoint Capital Management LP raised its stake in QCR by 48.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 16,255 shares of the bank's stock worth $1,311,000 after acquiring an additional 5,338 shares during the period. Geode Capital Management LLC lifted 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 valued at $32,464,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of QCR by 6.8% in the fourth quarter. Franklin Resources Inc. now owns 65,657 shares of the bank's stock worth $5,295,000 after purchasing an additional 4,202 shares during the period. 70.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James decreased their price objective 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 Price Performance

NASDAQ QCRH traded down $1.10 during trading hours on Monday, reaching $65.83. The company's stock had a trading volume of 54,363 shares, compared to its average volume of 72,792. 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 Holdings, Inc. has a 1 year low of $54.75 and a 1 year high of $96.08. The firm's 50-day moving average price is $71.41 and its 200-day moving average price is $78.87. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.81 and a beta of 0.81.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

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

Insider Activity at QCR

In related news, EVP Nicole A. Lee purchased 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, for a total transaction of $85,846.18. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James D. Klein sold 630 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the sale, the insider now owns 428 shares in the company, valued at approximately $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. 3.70% of the stock is currently owned by insiders.

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.