James Klein Sells 428 Shares of QCR (NASDAQ:QCRH) Stock
by Michael Walen · The Markets DailyQCR Holdings, Inc. (NASDAQ:QCRH – Get Free Report) insider James Klein sold 428 shares of QCR stock in a transaction dated Monday, May 12th. The shares were 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 approximately $18,829.40. This represents a 57.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
QCR Trading Up 1.1%
Shares of NASDAQ:QCRH opened at $94.96 on Wednesday. The company has a market cap of $1.57 billion, a PE ratio of 11.90 and a beta of 0.76. The company’s 50-day moving average price is $90.31 and its 200 day moving average price is $87.64. QCR Holdings, Inc. has a fifty-two week low of $63.68 and a fifty-two week high of $96.35. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.
QCR (NASDAQ:QCRH – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share 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 12.54%. The firm had revenue of $89.52 million for the quarter, compared to the consensus estimate of $105.42 million. Sell-side analysts anticipate that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.
QCR Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be paid 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 is Thursday, June 18th. QCR’s dividend payout ratio is currently 5.01%.
Institutional Trading of QCR
A number of hedge funds and other institutional investors have recently made changes to their positions in QCRH. Assetmark Inc. bought a new stake in shares of QCR in the 4th quarter worth approximately $37,000. Farther Finance Advisors LLC raised its holdings in shares of QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after purchasing an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of QCR in the 4th quarter worth approximately $61,000. Blue Trust Inc. bought a new stake in shares of QCR in the 1st quarter worth approximately $71,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of QCR in the 3rd quarter worth approximately $72,000. 70.01% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
QCRH has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $101.00.
Read Our Latest Research Report on QCRH
About QCR
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.