QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 30.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,439 shares of the bank's stock after selling 5,900 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of QCR worth $958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QCRH. First Trust Advisors LP boosted its holdings in QCR by 809.7% in the fourth quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock valued at $7,474,000 after purchasing an additional 82,497 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in QCR by 38.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock valued at $15,732,000 after purchasing an additional 54,161 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in QCR by 41.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock valued at $14,214,000 after purchasing an additional 51,240 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in QCR in the fourth quarter valued at $3,979,000. Finally, JPMorgan Chase & Co. boosted its holdings in QCR by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after purchasing an additional 43,439 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Price Performance

Shares of QCR stock traded down $1.41 during trading hours on Monday, reaching $73.92. The stock had a trading volume of 125,659 shares, compared to its average volume of 122,552. The stock's 50 day moving average is $69.54 and its 200 day moving average is $71.35. The firm has a market capitalization of $1.25 billion, a PE ratio of 11.13 and a beta of 0.80. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.10. The business had revenue of $84.20 million during the quarter, compared to the consensus estimate of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.86%. Equities analysts expect 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 Thursday, July 3rd. Investors of record on Wednesday, June 18th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. QCR's dividend payout ratio (DPR) is presently 3.61%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James Financial set a $78.00 price target on shares of QCR and gave the company an "outperform" rating in a report on Thursday, April 24th. DA Davidson upped their price target on shares of QCR from $80.00 to $87.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a report on Saturday. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price target (up from $90.00) on shares of QCR in a report on Friday. Finally, Piper Sandler upped their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.38.

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.