5,429 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Acquired by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. acquired 5,429 shares of QCR Holdings, Inc. for approximately $387,000, as noted in their recent 13F filing.
• After the acquisition, institutional investors collectively own 70.01% of QCR's stock, highlighting significant interest from hedge funds.
• QCR's recent earnings report showed an EPS of $1.73, exceeding estimates, while aiming for an annual earnings forecast of 6.82 EPS for the current year.

Jupiter Asset Management Ltd. bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,429 shares of the bank's stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QCRH. JPMorgan Chase & Co. boosted its holdings in QCR by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after buying an additional 43,439 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of QCR by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 402,487 shares of the bank's stock valued at $32,464,000 after purchasing an additional 1,294 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in QCR by 38.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock worth $15,732,000 after purchasing an additional 54,161 shares during the period. Nuveen Asset Management LLC raised its holdings in QCR by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank's stock worth $14,275,000 after purchasing an additional 609 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in 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 purchasing an additional 51,240 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Price Performance

Shares of QCRH stock traded up $0.98 during trading hours on Friday, reaching $70.89. The company had a trading volume of 47,213 shares, compared to its average volume of 93,645. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.08. 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 company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.68 and a beta of 0.83. The stock has a fifty day moving average of $69.93 and a 200-day moving average of $70.97.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.10. QCR had a return on equity of 11.86% and a net margin of 19.43%. The company had revenue of $84.20 million during the quarter, compared to analysts' expectations of $95.11 million. On average, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on QCRH. Piper Sandler upped 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. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price objective (up from $90.00) on shares of QCR in a research note on Friday, July 25th. Raymond James Financial set a $78.00 price target on QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, DA Davidson raised their price objective on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.38.

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.