Key Points
- Insider sale: James Klein sold 554 QCRH shares on March 12 at an average price of $82.50 for $45,705, reducing his stake by 42.88% to 738 shares.
- Dividend increase: QCR raised its quarterly dividend to $0.10 (from $0.06), an annualized $0.40 payout (yield ~0.5%) with a dividend payout ratio around 3.2%.
- Financials & analyst view: QCR recently beat earnings expectations (EPS $2.21 vs. $1.96), has a market cap of about $1.37B and a P/E of 10.9, and carries a consensus "Moderate Buy" with an average price target of $102.25.
QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) insider James Klein sold 554 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total transaction of $45,705.00. Following the sale, the insider directly owned 738 shares of the company's stock, valued at approximately $60,885. The trade was a 42.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
QCR Stock Down 0.2%
NASDAQ:QCRH traded down $0.14 on Friday, reaching $81.78. The stock had a trading volume of 70,397 shares, compared to its average volume of 97,578. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.00. The company has a 50-day moving average of $88.21 and a 200 day moving average of $81.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.37 billion, a P/E ratio of 10.90 and a beta of 0.82.
QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. QCR had a return on equity of 12.13% and a net margin of 21.07%. On average, research analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.
QCR Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 0.5%. This is an increase from QCR's previous quarterly dividend of $0.06. QCR's dividend payout ratio (DPR) is 3.20%.
Institutional Trading of QCR
Large investors have recently modified their holdings of the company. Kennedy Capital Management LLC grew its position in QCR by 108.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank's stock worth $52,536,000 after purchasing an additional 360,884 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of QCR by 715.4% during the third quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank's stock valued at $30,273,000 after buying an additional 351,145 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of QCR by 86.2% during the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank's stock worth $26,663,000 after buying an additional 162,482 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in QCR in the 3rd quarter worth approximately $9,825,000. Finally, Endeavour Capital Advisors Inc. grew its holdings in QCR by 23.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank's stock worth $27,364,000 after buying an additional 62,032 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Weiss Ratings upgraded QCR from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 2nd. Piper Sandler reiterated an "overweight" rating and issued a $108.00 target price (up from $105.00) on shares of QCR in a research report on Friday, January 30th. Keefe, Bruyette & Woods upped their price target on QCR from $92.00 to $102.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Zacks Research cut QCR from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. Finally, DA Davidson boosted their target price on shares of QCR from $92.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $102.25.
Check Out Our Latest Stock Report on QCRH
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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