Deutsche Bank AG Acquires 12,907 Shares of 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 increased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 93.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,738 shares of the bank's stock after buying an additional 12,907 shares during the period. Deutsche Bank AG owned 0.16% of QCR worth $1,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in QCR by 9.8% during the 4th quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock worth $2,788,000 after buying an additional 3,083 shares in the last quarter. Larson Financial Group LLC acquired a new position in QCR during the 1st quarter worth about $363,000. Lazard Asset Management LLC lifted its position in QCR by 3,042.1% during the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after buying an additional 578 shares in the last quarter. Principal Financial Group Inc. lifted its position in QCR by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after buying an additional 323 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in QCR by 72.8% during the 4th quarter. Bank of America Corp DE now owns 35,191 shares of the bank's stock worth $2,838,000 after buying an additional 14,825 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on QCRH. DA Davidson upped their target price on shares of QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 target price (up from $90.00) on shares of QCR in a research report on Friday, July 25th. Piper Sandler upped their target price 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. Finally, Wall Street Zen upgraded shares of QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $87.38.

QCR Trading Down 1.3%

Shares of NASDAQ:QCRH traded down $1.07 during mid-day trading on Wednesday, reaching $79.67. The stock had a trading volume of 110,052 shares, compared to its average volume of 105,066. The firm has a market cap of $1.35 billion, a PE ratio of 12.00 and a beta of 0.83. The firm has a 50 day simple moving average of $72.69 and a two-hundred day simple moving average of $70.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08.

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 analysts' consensus estimates of $1.63 by $0.10. The business had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.71%. On average, research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 18th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 18th. QCR's dividend payout ratio (DPR) is currently 3.61%.

Insider Buying and Selling at QCR

In related news, CEO Laura L. Ekizian sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the chief executive officer directly owned 5,965 shares in the company, valued at $477,200. This trade represents a 14.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.

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.