QCR (NASDAQ:QCRH) Insider Sells $45,705.00 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH) insider James Klein sold 554 shares of QCR stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the transaction, the insider owned 738 shares in the company, valued at approximately $60,885. This represents a 42.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

QCR Stock Down 0.0%

QCRH stock opened at $81.90 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 10.91 and a beta of 0.82. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. QCR Holdings, Inc. has a 12 month low of $60.83 and a 12 month high of $96.00. The firm has a 50-day moving average price of $88.21 and a 200-day moving average price of $82.02.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. QCR had a net margin of 21.07% and a return on equity of 12.13%. As a group, equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be given a $0.10 dividend. This is an increase from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, March 19th. QCR’s dividend payout ratio (DPR) is 5.33%.

Institutional Investors Weigh In On QCR

Several large investors have recently added to or reduced their stakes in the business. Kennedy Capital Management LLC grew its position in shares of QCR by 108.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock worth $52,536,000 after buying an additional 360,884 shares during the period. Victory Capital Management Inc. grew its holdings in QCR by 715.4% in the third quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after purchasing an additional 351,145 shares during the period. Schroder Investment Management Group increased its stake in QCR by 86.2% in the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after purchasing an additional 162,482 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in QCR in the third quarter valued at $9,825,000. Finally, Endeavour Capital Advisors Inc. raised its holdings in shares of QCR by 23.3% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock valued at $27,364,000 after purchasing an additional 62,032 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QCRH. Raymond James Financial reiterated an “outperform” rating and set a $103.00 price target on shares of QCR in a report on Friday, January 30th. Keefe, Bruyette & Woods boosted their price objective on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. DA Davidson upped their target price on QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $108.00 target price (up from $105.00) on shares of QCR in a research report on Friday, January 30th. Finally, Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.25.

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.