Vanguard Group Inc. Increases Stock Holdings in QCR Holdings, Inc. $QCRH

Key Points

• Vanguard Group Inc. increased its stake in QCR Holdings, Inc. by 0.7% in Q1, now owning approximately 5.63% of the company, equivalent to 952,780 shares worth about $67.95 million.
• Several institutional investors significantly boosted their holdings in QCR during the fourth quarter, with First Trust Advisors LP increasing its stake by 809.7%.
• The company reported a quarterly earnings per share of $1.73, exceeding analysts' estimates, and announced a quarterly dividend of $0.06 per share with an annualized yield of 0.3%.

Vanguard Group Inc. grew its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 952,780 shares of the bank's stock after purchasing an additional 7,002 shares during the quarter. Vanguard Group Inc. owned approximately 5.63% of QCR worth $67,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Trust Advisors LP increased its stake in QCR by 809.7% in the 4th quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock valued at $7,474,000 after buying an additional 82,497 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of QCR by 38.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock worth $15,732,000 after buying an additional 54,161 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of QCR by 41.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock valued at $14,214,000 after acquiring an additional 51,240 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of QCR during the fourth quarter valued at approximately $3,979,000. Finally, Tudor Investment Corp ET AL lifted its holdings in QCR by 68.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 57,613 shares of the bank's stock worth $4,646,000 after acquiring an additional 23,379 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on QCRH. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price objective (up previously from $90.00) on shares of QCR 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 research report on Saturday, July 26th. 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 report on Monday, July 28th. Finally, DA Davidson boosted 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. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, QCR has an average rating of "Buy" and a consensus target price of $87.38.

QCR Price Performance

QCRH traded up $1.65 during trading on Tuesday, reaching $80.74. 187,980 shares of the company were exchanged, compared to its average volume of 101,376. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.08. The company's 50-day moving average is $72.38 and its two-hundred day moving average is $70.65. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 12.16 and a beta of 0.83.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly 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 11.71%. The firm had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. Research 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 disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 18th. QCR's payout ratio is currently 3.61%.

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.