QCR (NASDAQ:QCRH) Insider Sells $25,996.72 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH) insider James Klein sold 428 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $60.74, for a total value of $25,996.72. Following the completion of the transaction, the insider owned 310 shares of the company’s stock, valued at $18,829.40. The trade was a 57.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

QCR Stock Up 0.5%

Shares of QCRH opened at $95.47 on Thursday. QCR Holdings, Inc. has a 52 week low of $63.68 and a 52 week high of $96.35. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.96 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a fifty day moving average of $90.53 and a 200-day moving average of $87.78.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.21. The business had revenue of $89.52 million during the quarter, compared to the consensus estimate of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. As a group, sell-side analysts anticipate that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, June 18th. QCR’s dividend payout ratio is presently 5.01%.

Institutional Trading of QCR

A number of large investors have recently bought and sold shares of the business. Kennedy Capital Management LLC grew its holdings in QCR by 9.7% during the 4th quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock worth $63,480,000 after acquiring an additional 67,517 shares during the period. Victory Capital Management Inc. grew its holdings in QCR by 715.4% during the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after acquiring an additional 351,145 shares during the period. Schroder Investment Management Group grew its holdings in QCR by 86.2% during the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after acquiring an additional 162,482 shares during the period. Endeavour Capital Advisors Inc. grew its holdings in QCR by 23.3% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock worth $27,364,000 after acquiring an additional 62,032 shares during the period. Finally, Wellington Management Group LLP grew its holdings in QCR by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock worth $18,438,000 after acquiring an additional 1,118 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QCRH has been the subject of a number of recent research reports. Raymond James Financial restated an “outperform” rating and issued a $99.00 price objective on shares of QCR in a report on Monday, April 27th. Piper Sandler decreased their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.