State of New Jersey Common Pension Fund D Sells 6,459 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

State of New Jersey Common Pension Fund D lowered its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 20.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 owned approximately 0.15% of QCR worth $1,914,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in QCR in the 3rd quarter valued at approximately $111,000. Miller Howard Investments Inc. NY bought a new position in shares of QCR in the 2nd quarter valued at $303,000. Price T Rowe Associates Inc. MD boosted its holdings 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 acquiring an additional 539 shares in the last quarter. Inspire Investing LLC bought a new stake in QCR during the 3rd quarter worth $818,000. Finally, Dimensional Fund Advisors LP increased its holdings in QCR by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank's stock worth $62,787,000 after purchasing an additional 13,567 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Stock Down 1.1 %

Shares of QCRH traded down $0.98 during trading hours on Monday, reaching $88.91. 68,338 shares of the stock traded hands, compared to its average volume of 62,542. QCR Holdings, Inc. has a 52 week low of $49.47 and a 52 week high of $93.72. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 13.05 and a beta of 0.93. The stock has a fifty day simple moving average of $78.71 and a 200 day simple moving average of $69.32. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping the consensus estimate 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 net margin of 19.25% and a return on equity of 12.92%. During the same quarter last year, the firm earned $1.51 EPS. On average, equities analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date was Friday, September 13th. QCR's payout ratio is 3.48%.

Insider Buying and Selling

In other news, CAO Nick W. Anderson sold 675 shares of the firm'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 transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now owns 782 shares in the company, valued at $64,069.26. This trade represents a 46.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $82.00 price objective (up from $70.00) on shares of QCR in a report on Monday, July 29th.

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.