QCR Holdings, Inc. $QCRH Holdings Lifted by Invesco Ltd.

Key Points

• Invesco Ltd. increased its ownership of QCR Holdings, Inc. by 90.7%, acquiring an additional 31,355 shares, bringing its total to 65,930 shares valued at approximately $4.7 million.
• QCR has received several upgrades from analysts, with Piper Sandler raising its price target to $92.50 and DA Davidson to $87.00, while the stock currently holds an average rating of "Buy" with a target price of $87.38.
• A quarterly dividend of $0.06 per share is set to be paid on October 3rd, which reflects an annualized yield of 0.3%.

Invesco Ltd. increased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 90.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 65,930 shares of the bank's stock after acquiring an additional 31,355 shares during the period. Invesco Ltd. owned approximately 0.39% of QCR worth $4,702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC raised its position in shares of QCR by 8.3% in the 4th quarter. Barclays PLC now owns 33,374 shares of the bank's stock valued at $2,692,000 after purchasing an additional 2,569 shares in the last quarter. First Trust Advisors LP raised its position in shares of QCR by 809.7% in the 4th quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock valued at $7,474,000 after purchasing an additional 82,497 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of 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 in the last quarter. Hsbc Holdings PLC acquired a new position in shares of QCR in the 4th quarter valued at approximately $1,180,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of QCR by 12.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,673 shares of the bank's stock valued at $861,000 after purchasing an additional 1,222 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Laura L. Ekizian sold 1,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the completion of the transaction, the chief executive officer owned 5,965 shares of the company's stock, valued at approximately $477,200. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.70% of the company's stock.

Analyst Ratings Changes

QCRH has been the topic of several research reports. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price target (up from $90.00) on shares of QCR in a research report on Friday, July 25th. Wall Street Zen raised QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. DA Davidson upped their price target on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Piper Sandler upped their price target on QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a research report on Monday, July 28th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, QCR presently has a consensus rating of "Buy" and a consensus target price of $87.38.

QCR Stock Performance

NASDAQ QCRH traded down $0.04 during trading hours on Tuesday, hitting $78.34. The company had a trading volume of 71,884 shares, compared to its average volume of 94,242. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $96.08. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $73.71 and a 200-day simple moving average of $70.70. The firm has a market cap of $1.33 billion, a P/E ratio of 11.80 and a beta of 0.87.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The firm had revenue of $84.20 million for the quarter, compared to analyst estimates of $95.11 million. Equities analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current 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 paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR's dividend payout ratio is presently 3.61%.

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.