QCR (NASDAQ:QCRH) CEO Sells $71,220.00 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Laura Ekizian sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the sale, the chief executive officer directly owned 6,093 shares in the company, valued at approximately $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

QCR Trading Up 0.5%

NASDAQ:QCRH traded up $0.51 during mid-day trading on Wednesday, reaching $95.47. The company’s stock had a trading volume of 126,041 shares, compared to its average volume of 102,541. The company’s fifty day simple moving average is $90.31 and its two-hundred day simple moving average is $87.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. QCR Holdings, Inc. has a twelve month low of $63.68 and a twelve month high of $96.35. The stock has a market cap of $1.58 billion, a P/E ratio of 11.96 and a beta of 0.76.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. The firm had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. On average, equities analysts predict that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be 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 is Thursday, June 18th. QCR’s dividend payout ratio (DPR) is 5.01%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on QCRH. Raymond James Financial restated an “outperform” rating and issued a $99.00 price objective on shares of QCR in a report on Monday, April 27th. Piper Sandler cut their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, QCR currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Institutional Investors Weigh In On QCR

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in QCR by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock valued at $2,744,000 after purchasing an additional 6,607 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of QCR by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock worth $694,000 after acquiring an additional 403 shares in the last quarter. Millennium Management LLC grew its position in shares of QCR by 124.5% in the 1st quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock worth $7,031,000 after acquiring an additional 54,678 shares in the last quarter. Jane Street Group LLC grew its position in shares of QCR by 106.5% in the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock worth $2,143,000 after acquiring an additional 15,501 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after acquiring an additional 165 shares in the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

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.