QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lowered its holdings in QCR Holdings, Inc. (NASDAQ:QCRHGet Rating) by 67.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,765 shares of the bank’s stock after selling 7,759 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in QCR were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QCRH. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new stake in shares of QCR in the first quarter worth $6,402,000. EJF Capital LLC boosted its holdings in QCR by 44.7% during the first quarter. EJF Capital LLC now owns 265,063 shares of the bank’s stock worth $15,000,000 after buying an additional 81,945 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in QCR by 24.0% during the first quarter. The Manufacturers Life Insurance Company now owns 329,385 shares of the bank’s stock worth $18,640,000 after buying an additional 63,712 shares in the last quarter. Vanguard Group Inc. boosted its holdings in QCR by 5.1% during the first quarter. Vanguard Group Inc. now owns 799,160 shares of the bank’s stock worth $45,225,000 after buying an additional 38,963 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in QCR by 4.8% during the first quarter. Dimensional Fund Advisors LP now owns 754,083 shares of the bank’s stock worth $42,674,000 after buying an additional 34,689 shares in the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.

Insider Transactions at QCR

In other QCR news, Director Brent R. Cobb purchased 4,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were purchased at an average cost of $49.85 per share, with a total value of $199,400.00. Following the completion of the purchase, the director now owns 25,407 shares in the company, valued at approximately $1,266,538.95. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other QCR news, Director John F. Griesemer purchased 4,500 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were purchased at an average cost of $48.08 per share, with a total value of $216,360.00. Following the completion of the purchase, the director now owns 23,598 shares in the company, valued at approximately $1,134,591.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brent R. Cobb purchased 4,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was acquired at an average cost of $49.85 per share, for a total transaction of $199,400.00. Following the completion of the purchase, the director now owns 25,407 shares of the company’s stock, valued at approximately $1,266,538.95. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 8,618 shares of company stock valued at $422,287. Corporate insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

QCRH has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of QCR from a “buy” rating to a “hold” rating in a report on Monday. DA Davidson lowered their price target on shares of QCR to $61.00 in a report on Tuesday, November 1st. Raymond James decreased their price objective on shares of QCR from $67.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. Finally, Piper Sandler decreased their price objective on shares of QCR to $64.50 in a report on Tuesday, November 1st.

QCR Stock Performance

QCRH opened at $52.12 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.84. The company has a market cap of $879.99 million, a price-to-earnings ratio of 9.02 and a beta of 0.95. QCR Holdings, Inc. has a 52-week low of $47.23 and a 52-week high of $62.85. The firm’s fifty day simple moving average is $52.61 and its two-hundred day simple moving average is $54.45.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Friday, December 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, December 15th. QCR’s dividend payout ratio is currently 4.15%.

About QCR

(Get Rating)

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. Its deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. The company also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.

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Institutional Ownership by Quarter for QCR (NASDAQ:QCRH)

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