Franklin Resources Inc. Acquires 4,202 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Franklin Resources Inc. boosted its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,657 shares of the bank's stock after buying an additional 4,202 shares during the quarter. Franklin Resources Inc. owned approximately 0.39% of QCR worth $5,295,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in QCR during the fourth quarter worth about $3,979,000. Assenagon Asset Management S.A. acquired a new stake in shares of QCR during the 4th quarter worth approximately $3,755,000. JPMorgan Chase & Co. increased its stake in QCR by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after acquiring an additional 43,439 shares during the last quarter. American Century Companies Inc. raised its position in QCR by 10.5% during the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock valued at $31,264,000 after purchasing an additional 36,930 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in QCR by 29.0% during the fourth quarter. Schroder Investment Management Group now owns 150,525 shares of the bank's stock worth $12,141,000 after purchasing an additional 33,806 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

Analyst Ratings Changes

Separately, Raymond James cut their target price 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 Trading Up 0.1 %

Shares of NASDAQ:QCRH traded up $0.07 during midday trading on Wednesday, reaching $65.80. The company's stock had a trading volume of 4,259 shares, compared to its average volume of 72,021. The firm has a 50 day moving average price of $72.28 and a two-hundred day moving average price of $79.03. QCR Holdings, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $96.08. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.78 and a beta of 0.81. 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 (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. As a group, analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.36%. QCR's dividend payout ratio (DPR) is currently 3.58%.

Insider Activity at QCR

In other news, EVP Nicole A. Lee acquired 1,094 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the purchase, the executive vice president now owns 1,881 shares in the company, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James D. Klein sold 630 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the transaction, the insider now owns 428 shares of the company's stock, valued at $31,415.20. The trade was a 59.55 % decrease in their position. 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.