Invesco Ltd. Has $4.70 Million Position in QCR Holdings, Inc. $QCRH

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. boosted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 90.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,930 shares of the bank's stock after purchasing an additional 31,355 shares during the period. Invesco Ltd. owned about 0.39% of QCR worth $4,702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC raised its stake in shares of QCR by 4.9% in the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock valued at $249,000 after acquiring an additional 164 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in QCR by 5.2% during 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 in 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. boosted its stake in QCR by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank's stock worth $752,000 after purchasing an additional 365 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Trading Up 0.5%

NASDAQ QCRH traded up $0.37 on Tuesday, reaching $78.75. The company had a trading volume of 8,151 shares, compared to its average volume of 94,214. QCR Holdings, Inc. has a 52 week low of $60.83 and a 52 week high of $96.08. The stock's 50 day moving average is $73.49 and its 200-day moving average is $70.65. 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 stock has a market cap of $1.33 billion, a price-to-earnings ratio of 11.86 and a beta of 0.87.

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, topping the consensus estimate of $1.63 by $0.10. The company had revenue of $84.20 million during the quarter, compared to analyst estimates of $95.11 million. QCR had a return on equity of 11.71% and a net margin of 19.43%. Equities analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 18th. QCR's dividend payout ratio (DPR) is currently 3.61%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price target (up from $90.00) on shares of QCR in a 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. Piper Sandler boosted their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, DA Davidson upped their price target on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, QCR has a consensus rating of "Buy" and a consensus price target of $87.38.

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 1,000 shares of QCR stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the chief executive officer owned 5,965 shares in the company, valued at $477,200. The trade was a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

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.