Fuller & Thaler Asset Management Inc. Has $2.61 Million Stake in QCR Holdings, Inc. $QCRH

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in QCR Holdings by 55.6%, owning 36,525 shares valued at approximately $2.61 million by the end of the first quarter.
• QCR Holdings reported $1.73 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, with a net margin of 19.43%.
• Wall Street analysts have upgraded QCR, with an average price target now at $87.38, reflecting positive sentiment towards the stock.

Fuller & Thaler Asset Management Inc. boosted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 55.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,525 shares of the bank's stock after purchasing an additional 13,057 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.22% of QCR worth $2,605,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its holdings in QCR by 174.6% during the 1st quarter. Quantbot Technologies LP now owns 4,240 shares of the bank's stock valued at $302,000 after purchasing an additional 2,696 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in QCR by 24.8% during the 1st quarter. Raymond James Financial Inc. now owns 61,603 shares of the bank's stock valued at $4,394,000 after purchasing an additional 12,256 shares during the last quarter. Persistent Asset Partners Ltd lifted its holdings in QCR by 54.0% during the 1st quarter. Persistent Asset Partners Ltd now owns 23,924 shares of the bank's stock valued at $1,706,000 after purchasing an additional 8,392 shares during the last quarter. Nuveen LLC bought a new position in QCR during the 1st quarter valued at about $14,618,000. Finally, Invesco Ltd. lifted its holdings in QCR by 90.7% during the 1st quarter. Invesco Ltd. now owns 65,930 shares of the bank's stock valued at $4,702,000 after purchasing an additional 31,355 shares during the last quarter. 70.01% of the stock is owned by institutional investors.

QCR Price Performance

QCRH traded up $3.56 during midday trading on Friday, hitting $78.96. The company had a trading volume of 96,957 shares, compared to its average volume of 104,999. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.34 billion, a PE ratio of 11.89 and a beta of 0.83. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. The firm's 50-day simple moving average is $71.76 and its 200-day simple moving average is $70.63.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. QCR had a net margin of 19.43% and a return on equity of 11.71%. The firm had revenue of $84.20 million during the quarter, compared to analysts' expectations of $95.11 million. Equities research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR's dividend payout ratio is 3.61%.

Analyst Ratings Changes

Several equities analysts recently issued reports on QCRH shares. Piper Sandler lifted their price target on shares of QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (up previously from $90.00) on shares of QCR in a research report 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. Finally, DA Davidson raised their price objective on shares of QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $87.38.

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.