New York State Teachers Retirement System Invests $111,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

New York State Teachers Retirement System bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,496 shares of the bank’s stock, valued at approximately $111,000.

Several other hedge funds have also recently made changes to their positions in QCRH. BNP Paribas Financial Markets lifted its stake in QCR by 90.0% during the 1st quarter. BNP Paribas Financial Markets now owns 8,154 shares of the bank’s stock valued at $495,000 after acquiring an additional 3,862 shares during the period. SG Americas Securities LLC acquired a new position in QCR during the first quarter valued at $116,000. Susquehanna Fundamental Investments LLC purchased a new stake in QCR in the first quarter valued at $205,000. Lazard Asset Management LLC purchased a new position in shares of QCR during the 1st quarter valued at about $43,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of QCR by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank’s stock valued at $287,000 after buying an additional 539 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the sale, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $82.00 target price (up from $70.00) on shares of QCR in a report on Monday, July 29th.

QCR Stock Up 0.8 %

QCRH stock opened at $88.98 on Monday. QCR Holdings, Inc. has a one year low of $48.44 and a one year high of $91.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm’s fifty day moving average is $77.12 and its 200 day moving average is $68.09. The firm has a market cap of $1.50 billion, a PE ratio of 12.91 and a beta of 0.93.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29. The firm had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. QCR had a return on equity of 13.16% and a net margin of 19.25%. During the same period last year, the firm earned $1.51 EPS. On average, research analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 13th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s payout ratio is 3.48%.

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.