Universal Beteiligungs und Servicegesellschaft mbH Has $256,000 Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its stake in QCR Holdings, Inc. by 81% in the first quarter, now holding shares worth $256,000.
• Several hedge funds have increased their stakes in QCR, with Deutsche Bank AG raising its position by 49.1%, now holding shares valued at over $1 million.
• QCR Holdings reported earnings of $1.73 per share, exceeding analysts' expectations, and it recently announced a quarterly dividend of $0.06 per share, yielding 0.3% annually.

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 81.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,596 shares of the bank's stock after selling 15,304 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in QCR were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of QCRH. Deutsche Bank AG boosted its stake in shares of QCR by 49.1% during the 4th quarter. Deutsche Bank AG now owns 13,831 shares of the bank's stock worth $1,115,000 after acquiring an additional 4,553 shares in the last quarter. Invesco Ltd. grew its holdings in QCR by 9.8% during the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock valued at $2,788,000 after purchasing an additional 3,083 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of 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. Principal Financial Group Inc. lifted its stake in shares of QCR by 3.6% in the first quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after buying an additional 323 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of QCR during the 1st quarter worth $363,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (up previously from $90.00) on shares of QCR in a report on Friday, July 25th. Piper Sandler raised their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a research note on Monday, July 28th. 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 note on Friday, July 25th. Wall Street Zen upgraded shares of QCR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Raymond James Financial set a $78.00 target price on QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, QCR has a consensus rating of "Moderate Buy" and a consensus target price of $87.38.

QCR Price Performance

NASDAQ:QCRH opened at $70.29 on Tuesday. 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 50-day moving average of $69.74 and a 200-day moving average of $71.13. QCR Holdings, Inc. has a 52 week low of $60.83 and a 52 week high of $96.08. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.59 and a beta of 0.83.

QCR (NASDAQ:QCRH - Get Free Report) last released 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 11.86% and a net margin of 19.43%. The company had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. As a group, equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

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

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