4,720 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Acquired by Meeder Asset Management Inc.

Key Points

• Meeder Asset Management Inc. has acquired 4,720 shares of QCR Holdings, Inc. valued at approximately $337,000 as part of a recent investment in the company.
• Several large institutional investors have significantly increased their holdings in QCR Holdings, with JPMorgan Chase & Co. lifting its stake by 10.3% to own over 465,000 shares.
• Analysts have raised their ratings on QCR Holdings, with Piper Sandler increasing their target price from $88.00 to $92.50, contributing to a current consensus rating of "Moderate Buy."

Meeder Asset Management Inc. acquired a new stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,720 shares of the bank's stock, valued at approximately $337,000.

A number of other large investors also recently modified their holdings of the company. Hohimer Wealth Management LLC raised its position in QCR by 4.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock valued at $249,000 after purchasing an additional 164 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in QCR by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after purchasing an additional 283 shares during the last quarter. MetLife Investment Management LLC raised its position in QCR by 3.2% in the 4th quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock valued at $803,000 after purchasing an additional 313 shares during the last quarter. Principal Financial Group Inc. raised its position in QCR by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock valued at $661,000 after purchasing an additional 323 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in QCR by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank's stock valued at $752,000 after buying an additional 365 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on QCRH shares. DA Davidson boosted their price objective on shares of QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research note on Friday, July 25th. 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 raised their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price objective (up previously from $90.00) on shares of QCR in a research report on Friday, July 25th. Finally, Raymond James Financial set a $78.00 price target on QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, QCR has a consensus rating of "Moderate Buy" and a consensus price target of $87.38.

QCR Stock Down 1.4%

Shares of QCRH stock traded down $0.99 during trading hours on Friday, reaching $70.01. The company had a trading volume of 159,546 shares, compared to its average volume of 120,661. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 0.98. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. The company has a market capitalization of $1.19 billion, a P/E ratio of 10.54 and a beta of 0.83. The stock's fifty day simple moving average is $69.74 and its 200 day simple moving average is $71.26.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.10. QCR had a return on equity of 11.86% and a net margin of 19.43%. The business had revenue of $84.20 million during the quarter, compared to analyst estimates of $95.11 million. As a group, sell-side analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. QCR's dividend payout ratio is currently 3.61%.

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.