QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Teacher Retirement System of Texas

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

Several other large investors have also recently modified their holdings of QCRH. JPMorgan Chase & Co. increased its position in QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after buying an additional 43,439 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of QCR by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank's stock valued at $32,464,000 after acquiring an additional 1,294 shares in the last quarter. American Century Companies Inc. raised its position in shares of QCR by 10.5% in the 4th quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock valued at $31,264,000 after purchasing an additional 36,930 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in QCR by 38.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock worth $15,732,000 after purchasing an additional 54,161 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in QCR by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank's stock worth $14,275,000 after purchasing an additional 609 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

QCR Price Performance

QCRH traded up $1.44 on Thursday, hitting $74.98. 54,804 shares of the company's stock were exchanged, compared to its average volume of 83,133. The firm has a 50-day moving average price of $68.67 and a 200-day moving average price of $71.72. 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 stock has a market cap of $1.27 billion, a price-to-earnings ratio of 11.26 and a beta of 0.80. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.01. QCR had a net margin of 19.17% and a return on equity of 12.03%. The company had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. During the same period in the previous year, the business posted $1.59 EPS. As a group, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend 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 3.61%.

Wall Street Analysts Forecast Growth

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

Insider Activity at QCR

In other news, CEO Larry J. Helling acquired 1,000 shares of the company's stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the purchase, the chief executive officer owned 40,264 shares of the company's stock, valued at $2,598,235.92. This represents a 2.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by company insiders.

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.