Fsi Group buys $2,196,320 stake in QCR Holdings (QCRH)

QCR Holdings (QCRH) : Fsi Group scooped up 12,496 additional shares in QCR Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 74,000 shares of QCR Holdings which is valued at $2,196,320.QCR Holdings makes up approximately 1.29% of Fsi Group’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in QCRH in the latest quarter, The investment management firm added 232 additional shares and now holds a total of 527 shares of QCR Holdings which is valued at $15,641. Wedge Capital Management L L Pnc added QCRH to its portfolio by purchasing 13,200 company shares during the most recent quarter which is valued at $391,248.

QCR Holdings opened for trading at $30.25 and hit $30.4 on the upside on Tuesday, eventually ending the session at $30.11, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 11,959 shares. Company has a market cap of $393 M.

Many Wall Street Analysts have commented on QCR Holdings. Company shares were Reiterated by Maxim Group on May 27, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .

QCR Holdings Inc. is a multi-bank holding company. The Company serves the Quad Cities Cedar Rapids Waterloo/Cedar Falls and Rockford communities through its three wholly owned banking subsidiaries: Quad City Bank and Trust Company (QCBT) Cedar Rapids Bank and Trust Company (CRBT) and Rockford Bank and Trust Company (RB&T) which provide full-service commercial and consumer banking and trust and asset management services. The Company also engages in direct financing lease contracts through m2 Lease Funds LLC (m2) a wholly owned subsidiary of QCBT. The Company invests limited amounts of its capital in financial institutions and mutual funds. CRBT continues to provide residential real estate mortgage lending services through its consumer banking division. The Company’s principal business consists of attracting deposits and investing those deposits in loans/leases and securities.

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