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

Teacher Retirement System of Texas raised its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,600 shares of the bank’s stock after buying an additional 540 shares during the quarter. Teacher Retirement System of Texas’ holdings in QCR were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its position in shares of QCR by 83.9% during the 3rd quarter. FMR LLC now owns 1,502,724 shares of the bank’s stock valued at $72,912,000 after acquiring an additional 685,471 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in QCR by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 107,650 shares of the bank’s stock valued at $6,286,000 after purchasing an additional 52,321 shares during the period. Kennedy Capital Management LLC increased its position in shares of QCR by 16.0% in the third quarter. Kennedy Capital Management LLC now owns 286,391 shares of the bank’s stock valued at $13,896,000 after buying an additional 39,537 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of QCR during the 4th quarter worth approximately $1,734,000. Finally, Brandywine Global Investment Management LLC lifted its position in shares of QCR by 53.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 50,729 shares of the bank’s stock valued at $2,461,000 after buying an additional 17,590 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted their price target on shares of QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, January 29th.

QCR Price Performance

NASDAQ:QCRH opened at $58.02 on Friday. The stock has a 50 day moving average of $57.72 and a two-hundred day moving average of $56.56. QCR Holdings, Inc. has a 12 month low of $37.91 and a 12 month high of $62.94. The firm has a market cap of $975.32 million, a P/E ratio of 8.65 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.59 EPS for the quarter, topping the consensus estimate of $1.32 by $0.27. The firm had revenue of $141.91 million during the quarter, compared to analysts’ expectations of $82.83 million. QCR had a return on equity of 13.23% and a net margin of 19.92%. During the same period in the previous year, the business earned $1.65 earnings per share. On average, analysts expect that QCR Holdings, Inc. will post 5.78 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, June 14th. QCR’s dividend payout ratio is currently 3.58%.

About QCR

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.