Deutsche Bank AG Acquires 4,553 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Deutsche Bank AG raised its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,831 shares of the bank's stock after buying an additional 4,553 shares during the quarter. Deutsche Bank AG owned 0.08% of QCR worth $1,115,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QCRH. Cubist Systematic Strategies LLC lifted its stake in shares of QCR by 987.6% in the 4th quarter. Cubist Systematic Strategies LLC now owns 24,471 shares of the bank's stock valued at $1,973,000 after purchasing an additional 22,221 shares during the last quarter. Bridgeway Capital Management LLC increased its position in QCR by 41.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock worth $14,214,000 after buying an additional 51,240 shares during the last quarter. Bank of America Corp DE increased its position in QCR by 72.8% during the fourth quarter. Bank of America Corp DE now owns 35,191 shares of the bank's stock worth $2,838,000 after buying an additional 14,825 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in QCR by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock worth $460,000 after buying an additional 283 shares during the last quarter. Finally, Northern Trust Corp increased its position in QCR by 4.2% during the fourth quarter. Northern Trust Corp now owns 153,658 shares of the bank's stock worth $12,391,000 after buying an additional 6,191 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Raymond James set a $78.00 target price on shares of QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of QCR from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Piper Sandler lowered their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th.

QCR Stock Performance

Shares of NASDAQ:QCRH traded up $0.22 during midday trading on Thursday, hitting $67.67. The company's stock had a trading volume of 34,328 shares, compared to its average volume of 77,378. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.08 and a beta of 0.80. The stock's 50 day simple moving average is $67.71 and its 200 day simple moving average is $76.57. QCR Holdings, Inc. has a fifty-two week low of $54.75 and a fifty-two week high of $96.08. 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 issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. The company had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. QCR had a return on equity of 12.68% and a net margin of 19.06%. During the same period last year, the business posted $1.59 earnings per share. As a group, research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. QCR's dividend payout ratio is currently 3.61%.

Insiders Place Their Bets

In other QCR news, insider James D. Klein sold 630 shares of the firm's stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Larry J. Helling acquired 1,000 shares of QCR stock in a transaction on Monday, April 28th. The stock was purchased at an average price of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer now directly owns 40,264 shares in the company, valued at approximately $2,598,235.92. This trade represents a 2.55% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company's stock.

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.