California State Teachers Retirement System lowered its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,457 shares of the bank’s stock after selling 2,000 shares during the period. California State Teachers Retirement System owned 0.16% of QCR worth $1,017,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Kennedy Capital Management Inc. acquired a new stake in QCR in the 2nd quarter worth about $5,760,000. Wedge Capital Management L L P NC acquired a new stake in QCR in the 2nd quarter worth about $4,119,000. AJO LP boosted its stake in QCR by 507.5% in the 2nd quarter. AJO LP now owns 88,437 shares of the bank’s stock worth $4,192,000 after buying an additional 73,879 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in QCR in the 2nd quarter worth about $3,468,000. Finally, Thrivent Financial For Lutherans acquired a new stake in QCR in the 2nd quarter worth about $1,934,000. 57.03% of the stock is currently owned by institutional investors and hedge funds.
QCRH has been the topic of a number of research analyst reports. Maxim Group decreased their price target on QCR from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Piper Jaffray Companies set a $55.00 price target on QCR and gave the stock a “buy” rating in a research note on Friday, October 6th. ValuEngine raised QCR from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Finally, BidaskClub lowered QCR from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $52.67.
QCR Holdings, Inc. (QCRH) opened at $43.70 on Monday. The company has a market capitalization of $606.95, a PE ratio of 16.81, a PEG ratio of 1.66 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. QCR Holdings, Inc. has a twelve month low of $37.78 and a twelve month high of $50.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a $0.05 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. QCR’s dividend payout ratio (DPR) is 7.84%.
In other news, CFO Todd A. Gipple sold 5,920 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total value of $254,560.00. Following the transaction, the chief financial officer now directly owns 49,162 shares in the company, valued at approximately $2,113,966. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.80% of the company’s stock.
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QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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