Deutsche Bank AG Grows Position in QCR Holdings, Inc. $QCRH

Key Points

• Deutsche Bank AG significantly increased its stake in QCR Holdings, Inc., raising its holdings by 93.3% in the first quarter, now owning 0.16% of the company, worth approximately $1.9 million.
• QCR Holdings has received positive upgrades from several analysts, with a consensus target price of $87.38 and recommendations including "buy" and "outperform."
• In its latest earnings report, QCR Holdings exceeded EPS estimates with a reported $1.73 per share, although revenue fell short of expectations at $84.20 million.

Deutsche Bank AG raised its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 93.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,738 shares of the bank's stock after purchasing an additional 12,907 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of QCR worth $1,907,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of QCR by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 952,780 shares of the bank's stock worth $67,952,000 after purchasing an additional 7,002 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of QCR in the first quarter valued at approximately $46,000. R Squared Ltd lifted its stake in shares of QCR by 309.3% during the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank's stock worth $232,000 after buying an additional 2,456 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in QCR in the 1st quarter valued at about $387,000. Finally, XTX Topco Ltd acquired a new position in QCR in the 1st quarter valued at about $577,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on QCRH. Piper Sandler upped their price target on shares of QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of QCR from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. DA Davidson upped their price target on shares of QCR from $80.00 to $87.00 and gave the company 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 target (up previously from $90.00) on shares of QCR in a research note on Friday, July 25th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $87.38.

QCR Trading Up 0.2%

Shares of NASDAQ:QCRH traded up $0.13 during mid-day trading on Monday, hitting $79.09. The company had a trading volume of 87,878 shares, compared to its average volume of 94,241. The firm has a fifty day moving average price of $71.76 and a 200 day moving average price of $70.57. The company has a market capitalization of $1.34 billion, a PE ratio of 11.91 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $96.08.

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, topping 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 analysts' expectations of $95.11 million. As a group, research analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The company also recently announced 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 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 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.