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

Deutsche Bank AG grew its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 49.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in shares of QCR by 809.7% during the fourth quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock valued at $7,474,000 after acquiring an additional 82,497 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of QCR in the fourth quarter valued at approximately $3,979,000. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 43,439 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of 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 buying an additional 36,930 shares during the period. Institutional investors and hedge funds own 70.01% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at QCR

In other QCR news, insider James D. Klein sold 630 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the sale, the insider now directly owns 428 shares of the company's stock, valued at $31,415.20. The trade was a 59.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Larry J. Helling purchased 1,000 shares of the business's stock in a transaction dated Monday, April 28th. The shares were purchased at an average cost of $64.53 per share, with a total value of $64,530.00. Following the completion of the purchase, the chief executive officer now directly owns 40,264 shares in the company, valued at approximately $2,598,235.92. This represents a 2.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company's stock.

QCR Trading Down 0.3%

Shares of QCRH stock traded down $0.22 on Friday, reaching $67.66. 3,504 shares of the stock were exchanged, compared to its average volume of 77,368. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.15 billion, a P/E ratio of 10.08 and a beta of 0.80. The firm has a 50 day moving average of $67.71 and a two-hundred day moving average of $76.57. QCR Holdings, Inc. has a 1-year low of $54.75 and a 1-year high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. QCR had a return on equity of 12.68% and a net margin of 19.06%. The company had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. During the same period last year, the business posted $1.59 EPS. On average, research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Wednesday, June 18th. QCR's 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.