204,969 Shares in QCR Holdings, Inc. $QCRH Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in QCR Holdings, Inc., purchasing 204,969 shares valued at approximately $14.62 million, representing about 1.21% of the company's shares.
• QCR Holdings recently reported $1.73 earnings per share (EPS) for the quarter, surpassing analysts' expectations, although revenue of $84.20 million fell short of estimates.
• Several research analysts have given QCR a positive outlook, with a consensus rating of "Buy" and a price target averaging $87.38 per share.

Nuveen LLC purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 204,969 shares of the bank's stock, valued at approximately $14,618,000. Nuveen LLC owned about 1.21% of QCR as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of QCR by 49.1% in the fourth quarter. Deutsche Bank AG now owns 13,831 shares of the bank's stock valued at $1,115,000 after acquiring an additional 4,553 shares during the period. Invesco Ltd. boosted its holdings in shares of QCR by 9.8% in the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock valued at $2,788,000 after acquiring an additional 3,083 shares during the period. Lazard Asset Management LLC increased its stake in QCR by 3,042.1% in the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock valued at $48,000 after purchasing an additional 578 shares during the period. Larson Financial Group LLC acquired a new position in QCR in the first quarter valued at $363,000. Finally, Principal Financial Group Inc. increased its stake in QCR by 3.6% in the first 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 period. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Performance

QCRH traded up $3.56 during trading on Friday, reaching $78.96. The company's stock had a trading volume of 96,957 shares, compared to its average volume of 104,999. QCR Holdings, Inc. has a 52-week low of $60.83 and a 52-week high of $96.08. The company's fifty day moving average price is $71.76 and its 200-day moving average price is $70.63. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 11.89 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 0.98.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The company had revenue of $84.20 million for the quarter, compared to analyst estimates of $95.11 million. On average, equities analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business 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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR's dividend payout ratio (DPR) is presently 3.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Piper Sandler boosted their target price on QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a report on Monday, July 28th. DA Davidson upped their price target on QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price objective (up from $90.00) on shares of QCR in a research report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target 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.