FMR LLC Discloses 8.989% Passive Stake in QCR Holdings Inc.
Ticker: QCRH · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 906465
| Field | Detail |
|---|---|
| Company | Qcr Holdings Inc (QCRH) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G, bank-stock
TL;DR
**FMR LLC just revealed an almost 9% stake in QCRH, signaling a big institutional bet on the bank.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant stake in QCR Holdings Inc. (QCRH), a state commercial bank. As of February 9, 2024, FMR LLC beneficially owns 1,504,173 shares of QCRH common stock, representing 8.989% of the company's outstanding shares. This filing indicates a substantial, passive investment by a prominent institutional investor, suggesting confidence in QCRH's future prospects and potentially signaling stability to current and prospective shareholders.
Why It Matters
This filing shows a major institutional investor, FMR LLC, has taken a significant, passive position in QCR Holdings, which can be seen as a vote of confidence in the company's value and stability.
Risk Assessment
Risk Level: low — This is a passive filing by an institutional investor, indicating a long-term holding rather than an activist position, which generally poses lower risk.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a major institutional player sees long-term value in QCR Holdings Inc., and might consider further research into QCRH's fundamentals.
Key Numbers
- 1,504,173 — Shares Beneficially Owned (Total shares of QCR Holdings Inc. common stock owned by FMR LLC and Abigail P. Johnson)
- 8.989% — Percent of Class (Percentage of QCR Holdings Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 20240209 — Filing Date (Date the SC 13G filing was made public)
- 74727A104 — CUSIP Number (Unique identification number for QCR Holdings Inc. common stock)
Key Players & Entities
- FMR LLC (company) — reporting person, parent holding company
- QCR HOLDINGS INC (company) — subject company, issuer
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Moline, IL (company) — location of QCR Holdings Inc.'s principal executive offices
- Boston, MA (company) — location of FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain its significant, passive stake in QCR Holdings Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- QCR Holdings Inc. stock may experience increased investor confidence due to FMR LLC's substantial holding. (QCR HOLDINGS INC) — medium confidence, target: 2024-08-09
FAQ
Who is the primary entity reporting beneficial ownership in QCR Holdings Inc.?
The primary entity reporting beneficial ownership in QCR Holdings Inc. is FMR LLC, as stated in Item 1 of the filing.
What percentage of QCR Holdings Inc. common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 8.989% of QCR Holdings Inc. common stock, as indicated in Item 11 on the cover page and Item 4(b) of the filing.
How many shares of QCR Holdings Inc. common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 1,504,173 shares of QCR Holdings Inc. common stock, as reported in Item 7 on the cover page and Item 4(a) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
What is the business address of QCR Holdings Inc.?
The business address of QCR Holdings Inc. is 3551 7th Street, Moline, IL 61265 USA, as stated in Item 1(b) of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding QCR HOLDINGS INC (QCRH).