Universal Beteiligungs und Servicegesellschaft mbH Has $256,000 Stock Holdings 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 cut its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 81.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,596 shares of the bank's stock after selling 15,304 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in QCR were worth $256,000 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. Sei Investments Co. increased its holdings in shares of QCR by 31.9% in the fourth quarter. Sei Investments Co. now owns 6,850 shares of the bank's stock valued at $552,000 after buying an additional 1,655 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of QCR in the 4th quarter worth $307,000. LPL Financial LLC acquired a new stake in shares of QCR during the fourth quarter worth $263,000. JPMorgan Chase & Co. lifted its holdings in shares of QCR by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after purchasing an additional 43,439 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of QCR by 6.8% during the fourth quarter. Franklin Resources Inc. now owns 65,657 shares of the bank's stock valued at $5,295,000 after purchasing an additional 4,202 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Up 1.0%

Shares of NASDAQ QCRH traded up $0.68 during mid-day trading on Friday, reaching $70.59. The company had a trading volume of 40,110 shares, compared to its average volume of 93,584. 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 10.63 and a beta of 0.83. The stock has a fifty day moving average of $69.93 and a two-hundred day moving average of $70.97. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last released 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 net margin of 19.43% and a return on equity of 11.86%. The company had revenue of $84.20 million during the quarter, compared to the consensus estimate of $95.11 million. As a group, equities research analysts expect 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 was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 18th. QCR's dividend payout ratio is presently 3.61%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial set a $78.00 price objective on QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th. Piper Sandler lifted their target price 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 shares of QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 target price (up from $90.00) on shares of QCR in a research note on Friday, July 25th. Finally, DA Davidson increased their target price on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a report on Friday, July 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.38.

About QCR

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.