QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) insider James Klein sold 310 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the transaction, the insider directly owned 428 shares of the company's stock, valued at $38,948. This trade represents a 42.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
QCR Stock Down 0.0%
QCRH opened at $90.42 on Friday. The firm has a 50-day simple moving average of $87.21 and a two-hundred day simple moving average of $84.46. QCR Holdings, Inc. has a 52 week low of $63.68 and a 52 week high of $96.00. The company has a market capitalization of $1.51 billion, a PE ratio of 11.33 and a beta of 0.78. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.57.
QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.65%. The business had revenue of $89.52 million during the quarter, compared to the consensus estimate of $105.42 million. Analysts forecast that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.
QCR Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from QCR's previous quarterly dividend of $0.06. QCR's payout ratio is 5.01%.
Institutional Investors Weigh In On QCR
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its stake in shares of QCR by 16.1% during the first quarter. Hsbc Holdings PLC now owns 17,415 shares of the bank's stock worth $1,488,000 after buying an additional 2,415 shares during the period. R Squared Ltd acquired a new stake in shares of QCR during the first quarter worth $293,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of QCR during the first quarter worth $533,000. MQS Management LLC acquired a new stake in shares of QCR during the first quarter worth $253,000. Finally, Blue Trust Inc. acquired a new stake in shares of QCR during the first quarter worth $71,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on QCRH shares. Raymond James Financial reissued an "outperform" rating and issued a $99.00 price objective on shares of QCR in a research note on Monday. DA Davidson raised their target price on shares of QCR from $92.00 to $96.00 and gave the stock a "neutral" rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of QCR from $92.00 to $102.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Piper Sandler lowered their target price on shares of QCR from $108.00 to $107.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Weiss Ratings upgraded shares of QCR from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 2nd. Four equities 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, QCR has a consensus rating of "Moderate Buy" and a consensus price target of $101.00.
View Our Latest Report on QCRH
QCR Company Profile
(
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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