Key Points
- Todd Gipple, QCR's CFO, sold 8,590 shares on Jan 30 at an average price of $89.92 for proceeds of $772,412.80, trimming his holding by 16.06% to 44,902 shares.
- EPS beat: QCR reported $2.21 EPS (vs. $1.96 expected) and $107.02M in revenue for the quarter, with a net margin of 21.07% and ROE of 12.30%.
- Analysts have lifted targets recently (Keefe Bruyette & Woods to $102, Piper Sandler to $108), and the stock carries a consensus rating of “Moderate Buy” with an average target of $102.25.
QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) CFO Todd Gipple sold 8,590 shares of QCR stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $89.92, for a total value of $772,412.80. Following the completion of the transaction, the chief financial officer owned 44,902 shares of the company's stock, valued at $4,037,587.84. The trade was a 16.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
QCR Stock Up 2.3%
QCRH stock opened at $92.35 on Tuesday. The company's 50 day moving average price is $85.58 and its 200 day moving average price is $78.98. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.30 and a beta of 0.82. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $92.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01.
QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping the consensus estimate of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.30%. The company had revenue of $107.02 million during the quarter, compared to analysts' expectations of $106.87 million. On average, equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.
QCR Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. QCR's dividend payout ratio is 3.20%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in shares of QCR in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC raised its position in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank's stock valued at $48,000 after purchasing an additional 148 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in QCR in the 3rd quarter valued at $51,000. Quadrant Capital Group LLC acquired a new stake in QCR during the 3rd quarter worth $72,000. Finally, Russell Investments Group Ltd. purchased a new position in QCR during the 3rd quarter worth $104,000. Institutional investors and hedge funds own 70.01% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently commented on QCRH shares. Keefe, Bruyette & Woods increased their price objective on QCR from $92.00 to $102.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Piper Sandler reiterated an "overweight" rating and issued a $108.00 price target (up from $105.00) on shares of QCR in a research note on Friday. Weiss Ratings reissued a "hold (c+)" rating on shares of QCR in a report on Monday, December 29th. Zacks Research cut shares of QCR from a "strong-buy" rating to a "hold" rating in a report on Monday, December 29th. Finally, DA Davidson increased their target price on shares of QCR from $92.00 to $96.00 and gave the company a "neutral" rating in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, QCR has a consensus rating of "Moderate Buy" and an average target price of $102.25.
Get Our Latest Stock Analysis on QCR
About QCR
(
Get Free Report)
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.
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