QCR (NASDAQ:QCRH) Insider James Klein Sells 428 Shares

QCR Holdings, Inc. (NASDAQ:QCRH) insider James Klein sold 428 shares of QCR stock in a transaction on 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 SEC, which is available through the SEC website.

QCR Price Performance

Shares of QCRH traded up $0.43 during midday trading on Monday, hitting $93.97. 82,127 shares of the company traded hands, compared to its average volume of 102,331. The firm has a 50 day moving average of $89.89 and a 200-day moving average of $87.39. QCR Holdings, Inc. has a 52 week low of $63.68 and a 52 week high of $96.00. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 11.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96.

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

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, June 18th. QCR’s dividend payout ratio (DPR) is currently 5.01%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On QCR

Institutional investors have recently modified their holdings of the stock. Endeavour Capital Advisors Inc. boosted its holdings in shares of QCR by 20.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock worth $20,155,000 after purchasing an additional 45,389 shares during the period. Boothbay Fund Management LLC raised its holdings in 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 buying an additional 46,221 shares during the period. Kestrel Investment Management Corp purchased a new stake in QCR during the 4th quarter valued at $4,636,000. Daytona Street Capital LLC bought a new stake in QCR in the fourth quarter worth $897,000. Finally, Schroder Investment Management Group boosted its stake in QCR by 86.2% during the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after buying an additional 162,482 shares during the period. 70.01% of the stock is owned by institutional investors.

QCR Company Profile

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.