Teacher Retirement System of Texas Has $737,000 Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Teacher Retirement System of Texas cut its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 33.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,334 shares of the bank's stock after selling 5,200 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of QCR worth $737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in QCR in the fourth quarter worth $35,000. Lazard Asset Management LLC increased its position in QCR by 3,042.1% in the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after buying an additional 578 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in QCR during the fourth quarter valued at about $237,000. LPL Financial LLC purchased a new position in QCR in the 4th quarter valued at approximately $263,000. Finally, Virtus Investment Advisers Inc. purchased a new position in shares of QCR in the fourth quarter valued at $282,000. Institutional investors and hedge funds own 70.01% of the company's stock.

Analyst Upgrades and Downgrades

QCRH has been the topic of a number of recent research reports. Piper Sandler reduced their price target on shares of QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of QCR from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Keefe, Bruyette & Woods reduced their price objective on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James Financial set a $78.00 target price on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th.

Insider Activity at QCR

In other QCR news, CEO Larry J. Helling purchased 1,000 shares of the stock in a transaction dated Monday, April 28th. The stock was acquired at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the acquisition, the chief executive officer owned 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company's stock.

QCR Trading Up 0.1%

Shares of NASDAQ QCRH traded up $0.04 during trading hours on Friday, reaching $75.14. The stock had a trading volume of 127,572 shares, compared to its average volume of 83,387. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 11.30 and a beta of 0.80. The business's fifty day moving average price is $68.99 and its two-hundred day moving average price is $71.64. QCR Holdings, Inc. has a 52-week low of $60.83 and a 52-week high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. QCR had a net margin of 19.17% and a return on equity of 12.03%. The firm had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. During the same quarter in the prior year, the business earned $1.59 earnings per share. Analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.32%. QCR's dividend payout ratio (DPR) is presently 3.61%.

QCR 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.