QCR Holdings, Inc. $QCRH Stake Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 30.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,155 shares of the bank’s stock after selling 3,179 shares during the period. Teacher Retirement System of Texas’ holdings in QCR were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in QCRH. Vanguard Group Inc. raised its holdings in shares of QCR by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 952,780 shares of the bank’s stock worth $67,952,000 after purchasing an additional 7,002 shares in the last quarter. FJ Capital Management LLC increased its holdings in shares of QCR by 8.0% in the first quarter. FJ Capital Management LLC now owns 301,205 shares of the bank’s stock valued at $21,482,000 after buying an additional 22,233 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of QCR by 0.9% in the first quarter. The Manufacturers Life Insurance Company now owns 233,096 shares of the bank’s stock valued at $16,624,000 after buying an additional 2,064 shares in the last quarter. Nuveen LLC acquired a new stake in shares of QCR during the 1st quarter valued at $14,618,000. Finally, Royal Bank of Canada boosted its stake in shares of QCR by 22.5% during the 1st quarter. Royal Bank of Canada now owns 144,589 shares of the bank’s stock worth $10,312,000 after acquiring an additional 26,567 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Trading Down 0.0%

NASDAQ:QCRH opened at $76.25 on Monday. The stock has a market cap of $1.29 billion, a PE ratio of 10.65 and a beta of 0.87. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $96.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50-day moving average is $75.47 and its two-hundred day moving average is $72.17.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Friday, November 7th. The bank reported $2.17 EPS for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.22%. The business had revenue of $101.45 million during the quarter. As a group, equities research analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 18th. QCR’s payout ratio is currently 3.35%.

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the chief executive officer directly owned 5,965 shares of the company’s stock, valued at approximately $477,200. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler boosted their target price on QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. DA Davidson restated a “neutral” rating and set a $83.00 price objective on shares of QCR in a report on Thursday, October 9th. Raymond James Financial reiterated an “outperform” rating and issued a $88.00 target price (up from $85.00) on shares of QCR in a report on Monday, October 27th. Wall Street Zen raised shares of QCR from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $90.00.

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.