Teachers Advisors LLC lifted its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 9.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,586 shares of the bank’s stock after buying an additional 1,843 shares during the period. Teachers Advisors LLC owned 0.16% of QCR Holdings worth $1,023,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in QCRH. First Quadrant L P CA bought a new stake in shares of QCR Holdings during the 2nd quarter valued at about $468,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of QCR Holdings during the 2nd quarter valued at about $723,000. Bowling Portfolio Management LLC bought a new stake in shares of QCR Holdings during the 2nd quarter valued at about $746,000. Bessemer Group Inc. grew its position in shares of QCR Holdings by 0.4% during the 2nd quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after buying an additional 100 shares during the last quarter. Finally, Busey Trust CO bought a new stake in shares of QCR Holdings during the 2nd quarter valued at about $213,000. 61.63% of the stock is owned by institutional investors and hedge funds.
QCRH has been the subject of several recent analyst reports. ValuEngine upgraded shares of QCR Holdings from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. BidaskClub cut shares of QCR Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Piper Jaffray Companies set a $55.00 target price on shares of QCR Holdings and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the stock a “buy” rating in a research report on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $53.33.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Friday, September 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Thursday, September 14th. QCR Holdings’s payout ratio is 8.23%.
In related news, CFO Todd A. Gipple sold 5,920 shares of QCR Holdings stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total transaction of $254,560.00. Following the completion of the transaction, the chief financial officer now directly owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cathie Whiteside sold 5,000 shares of QCR Holdings stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $46.23, for a total transaction of $231,150.00. Following the transaction, the executive vice president now directly owns 17,255 shares of the company’s stock, valued at $797,698.65. The disclosure for this sale can be found here. Insiders have sold a total of 11,775 shares of company stock valued at $523,135 over the last ninety days. 8.80% of the stock is owned by insiders.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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