Deutsche Bank AG Grows Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Deutsche Bank AG increased its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 49.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,831 shares of the bank’s stock after purchasing an additional 4,553 shares during the period. Deutsche Bank AG owned 0.08% of QCR worth $1,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in QCR by 148.9% in the third quarter. Barclays PLC now owns 30,805 shares of the bank’s stock worth $2,281,000 after acquiring an additional 18,430 shares in the last quarter. SG Americas Securities LLC boosted its stake in QCR by 136.5% in the 4th quarter. SG Americas Securities LLC now owns 5,053 shares of the bank’s stock worth $407,000 after purchasing an additional 2,916 shares in the last quarter. Janney Montgomery Scott LLC grew its position in QCR by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock valued at $404,000 after purchasing an additional 142 shares during the last quarter. R Squared Ltd bought a new stake in QCR during the 4th quarter valued at about $64,000. Finally, Empowered Funds LLC increased its stake in QCR by 5.1% during the 4th quarter. Empowered Funds LLC now owns 67,267 shares of the bank’s stock valued at $5,424,000 after purchasing an additional 3,240 shares in the last quarter. Institutional investors own 70.01% of the company’s stock.

Insider Transactions at QCR

In other news, CEO Larry J. Helling bought 1,000 shares of the stock in a transaction on Monday, April 28th. The shares were bought at an average price of $64.53 per share, with a total value of $64,530.00. Following the completion of the acquisition, the chief executive officer now owns 40,264 shares in the company, valued at $2,598,235.92. The trade was a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James D. Klein sold 630 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the sale, the insider now owns 428 shares of the company’s stock, valued at approximately $31,415.20. This represents a 59.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

QCRH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of QCR from $99.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Raymond James set a $78.00 price objective on QCR and gave the company an “outperform” rating in a research report on Thursday, April 24th. Wall Street Zen lowered QCR from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Piper Sandler decreased their price target on QCR from $98.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th.

QCR Stock Performance

Shares of NASDAQ QCRH opened at $67.67 on Monday. The firm’s 50-day moving average price is $68.00 and its 200-day moving average price is $76.83. QCR Holdings, Inc. has a 52-week low of $54.75 and a 52-week high of $96.08. The company has a market cap of $1.15 billion, a PE ratio of 10.08 and a beta of 0.80. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last issued its earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.01. The company had revenue of $76.88 million for the quarter, compared to analysts’ expectations of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same quarter last year, the company posted $1.59 earnings per share. As a group, analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

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.