Jupiter Asset Management Ltd. Invests $387,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

Jupiter Asset Management Ltd. purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,429 shares of the bank's stock, valued at approximately $387,000.

A number of other institutional investors and hedge funds have also bought and sold shares of QCRH. First Trust Advisors LP increased its holdings in QCR by 809.7% in the fourth 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 during the period. Silvercrest Asset Management Group LLC increased its holdings in QCR by 38.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock valued at $15,732,000 after purchasing an additional 54,161 shares during the period. Bridgeway Capital Management LLC increased its holdings in QCR by 41.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock valued at $14,214,000 after purchasing an additional 51,240 shares during the period. Raymond James Financial Inc. acquired a new stake in QCR during the 4th quarter worth about $3,979,000. Finally, JPMorgan Chase & Co. grew its holdings in QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after acquiring an additional 43,439 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Price Performance

Shares of NASDAQ QCRH opened at $70.29 on Tuesday. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $96.08. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 10.59 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 0.98. The firm's 50-day simple moving average is $69.74 and its 200 day simple moving average is $71.13.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results 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 11.86%. The business had revenue of $84.20 million for the quarter, compared to analysts' expectations of $95.11 million. As a group, research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR's dividend payout ratio (DPR) is currently 3.61%.

Analyst Ratings Changes

QCRH has been the subject of a number of recent analyst reports. DA Davidson increased their price target on QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price target (up from $90.00) on shares of QCR in a report on Friday, July 25th. Raymond James Financial set a $78.00 price objective on shares of QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Piper Sandler raised their price target on shares of QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate 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.

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