State of New Jersey Common Pension Fund D Has $1.91 Million Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

State of New Jersey Common Pension Fund D lowered its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 20.0% during the third quarter, Holdings Channel reports. The fund owned 25,858 shares of the bank’s stock after selling 6,459 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in QCR were worth $1,914,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Summit Global Investments acquired a new stake in shares of QCR during the third quarter valued at approximately $261,000. Principal Financial Group Inc. raised its holdings in shares of QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock valued at $615,000 after acquiring an additional 834 shares during the period. EMC Capital Management raised its holdings in shares of QCR by 54.1% during the third quarter. EMC Capital Management now owns 7,073 shares of the bank’s stock valued at $524,000 after acquiring an additional 2,482 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of QCR during the third quarter valued at approximately $111,000. Finally, Inspire Investing LLC acquired a new stake in shares of QCR during the third quarter valued at approximately $818,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Performance

Shares of QCRH opened at $89.89 on Monday. The company’s 50 day moving average price is $78.71 and its 200 day moving average price is $69.23. QCR Holdings, Inc. has a 52 week low of $49.47 and a 52 week high of $93.72. The company has a market capitalization of $1.52 billion, a PE ratio of 13.05 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.02.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29. QCR had a net margin of 19.25% and a return on equity of 12.92%. The firm had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. During the same period in the previous year, the firm posted $1.51 earnings per share. Research analysts expect that QCR Holdings, Inc. will post 6.73 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Friday, September 13th. QCR’s payout ratio is presently 3.48%.

Analyst Upgrades and Downgrades

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

Insider Activity at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 of the company’s stock, valued at $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by insiders.

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.