State of New Jersey Common Pension Fund D Lowers Stock Position in QCR Holdings, Inc. (NASDAQ:QCRH)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRHGet Rating) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,658 shares of the bank’s stock after selling 3,767 shares during the period. State of New Jersey Common Pension Fund D owned about 0.29% of QCR worth $2,527,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CENTRAL TRUST Co acquired a new position in QCR during the first quarter worth $129,000. Wakefield Asset Management LLLP increased its holdings in shares of QCR by 1.4% in the 1st quarter. Wakefield Asset Management LLLP now owns 16,112 shares of the bank’s stock valued at $912,000 after purchasing an additional 215 shares in the last quarter. Strs Ohio lifted its stake in shares of QCR by 2.3% in the first quarter. Strs Ohio now owns 13,200 shares of the bank’s stock valued at $746,000 after purchasing an additional 300 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in QCR during the first quarter worth about $306,000. Finally, AE Wealth Management LLC acquired a new position in QCR during the first quarter worth about $279,000. 69.48% of the stock is owned by hedge funds and other institutional investors.

QCR Trading Down 1.1 %

Shares of QCR stock opened at $58.65 on Tuesday. QCR Holdings, Inc. has a 1 year low of $47.36 and a 1 year high of $62.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day moving average price of $54.83 and a 200 day moving average price of $55.61. The company has a market capitalization of $1.04 billion, a P/E ratio of 9.68 and a beta of 0.99.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Friday, June 17th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.41%. QCR’s dividend payout ratio (DPR) is 3.96%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on QCRH shares. Raymond James reissued a “maintains” rating on shares of QCR in a research note on Friday. StockNews.com lowered QCR from a “buy” rating to a “hold” rating in a report on Wednesday, June 1st. Finally, Piper Sandler lifted their price target on QCR from $72.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 5th.

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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