Key Points
- Insider sale: QCR Holdings insider James Klein sold 428 shares on May 12 at an average price of $60.74, totaling about $25,997. After the sale, he held 310 shares, cutting his position by 57.99%.
- QCR reported strong quarterly earnings: The bank posted $1.99 EPS, topping analyst expectations of $1.78, though revenue came in below estimates at $89.52 million versus $105.42 million expected.
- Analyst and dividend outlook: QCR declared a quarterly dividend of $0.10 per share, and analysts currently rate the stock a Moderate Buy with an average price target of $101.00.
QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) insider James Klein sold 428 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $60.74, for a total transaction of $25,996.72. Following the completion of the sale, the insider owned 310 shares in the company, valued at $18,829.40. This represents a 57.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
QCR Price Performance
Shares of QCRH opened at $93.97 on Tuesday. The firm has a market cap of $1.55 billion, a PE ratio of 11.78 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $90.08 and a two-hundred day simple moving average of $87.51. QCR Holdings, Inc. has a 1-year low of $63.68 and a 1-year high of $96.00.
QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results 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 analyst estimates of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. On average, equities analysts anticipate that QCR Holdings, Inc. will post 8.13 EPS for the current year.
QCR Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR's payout ratio is currently 5.01%.
Institutional Investors Weigh In On QCR
Hedge funds have recently modified their holdings of the business. Endeavour Capital Advisors Inc. grew its position in shares of QCR by 20.5% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank's stock valued at $20,155,000 after acquiring an additional 45,389 shares during the period. Boothbay Fund Management LLC grew its position in shares of QCR by 144.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank's stock valued at $5,921,000 after acquiring an additional 46,221 shares during the period. Kestrel Investment Management Corp bought a new stake in shares of QCR during the 4th quarter valued at $4,636,000. Daytona Street Capital LLC bought a new stake in shares of QCR during the 4th quarter valued at $897,000. Finally, Schroder Investment Management Group grew its position in shares of QCR by 86.2% during the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank's stock valued at $26,663,000 after acquiring an additional 162,482 shares during the period. Institutional investors own 70.01% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of QCR from $108.00 to $107.00 and set an "overweight" rating on the stock in a report on Monday, April 27th. Raymond James Financial reissued an "outperform" rating and issued a $99.00 price objective on shares of QCR in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $101.00.
View Our Latest Stock Analysis 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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