QCR (NASDAQ:QCRH) Shares Gap Down to $58.36

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $58.36, but opened at $56.75. QCR shares last traded at $56.40, with a volume of 17,231 shares changing hands.

Analyst Ratings Changes

QCRH has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price target on shares of QCR from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Raymond James raised their price objective on shares of QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, Piper Sandler raised their price objective on shares of QCR from $67.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th.

QCR Trading Down 0.9 %

The stock has a market capitalization of $971.88 million, a P/E ratio of 8.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50 day simple moving average is $57.15 and its 200-day simple moving average is $55.09.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.27. The firm had revenue of $141.91 million for the quarter, compared to analysts’ expectations of $82.83 million. QCR had a net margin of 20.80% and a return on equity of 13.78%. During the same period last year, the firm earned $1.65 earnings per share. As a group, analysts forecast that QCR Holdings, Inc. will post 5.64 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.41%. QCR’s dividend payout ratio is presently 3.57%.

Insider Buying and Selling at QCR

In other news, CFO Todd A. Gipple sold 6,791 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $61.00, for a total transaction of $414,251.00. Following the sale, the chief financial officer now owns 40,043 shares of the company’s stock, valued at $2,442,623. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Larry J. Helling acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $56.00 per share, with a total value of $56,000.00. Following the transaction, the chief executive officer now owns 36,601 shares of the company’s stock, valued at approximately $2,049,656. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd A. Gipple sold 6,791 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $61.00, for a total value of $414,251.00. Following the transaction, the chief financial officer now owns 40,043 shares of the company’s stock, valued at approximately $2,442,623. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

Institutional investors have recently modified their holdings of the company. FMR LLC raised its position in QCR by 83.9% in the 3rd quarter. FMR LLC now owns 1,502,724 shares of the bank’s stock valued at $72,912,000 after buying an additional 685,471 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of QCR by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 107,650 shares of the bank’s stock worth $6,286,000 after acquiring an additional 52,321 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of QCR by 16.0% in the third quarter. Kennedy Capital Management LLC now owns 286,391 shares of the bank’s stock valued at $13,896,000 after purchasing an additional 39,537 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of QCR in the fourth quarter worth $1,734,000. Finally, Dimensional Fund Advisors LP boosted its holdings in QCR by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock worth $59,907,000 after purchasing an additional 24,251 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.