Insider Selling: QCR (NASDAQ:QCRH) Insider Sells 428 Shares of Stock

QCR Holdings, Inc. (NASDAQ:QCRH) insider James Klein sold 428 shares of the firm’s 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 sale, the insider directly owned 310 shares in the company, valued at approximately $18,829.40. The trade was a 57.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

QCR Stock Performance

Shares of QCRH traded up $0.43 during mid-day trading on Monday, hitting $93.97. 82,127 shares of the company traded hands, compared to its average volume of 102,331. 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 stock has a 50-day moving average price of $89.89 and a two-hundred day moving average price of $87.39. QCR Holdings, Inc. has a 1 year low of $63.68 and a 1 year high of $96.00. 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 company had revenue of $89.52 million for the quarter, compared to analysts’ expectations of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. Equities analysts anticipate that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Thursday, June 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. QCR’s payout ratio is presently 5.01%.

Wall Street Analyst Weigh In

QCRH has been the topic of a number of recent research reports. Raymond James Financial reissued an “outperform” rating and issued a $99.00 target price on shares of QCR in a report on Monday, April 27th. Piper Sandler lowered their target price on QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

Institutional Investors Weigh In On QCR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Endeavour Capital Advisors Inc. grew its position in shares of QCR by 20.5% during the third 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 in the last quarter. Boothbay Fund Management LLC lifted its holdings in QCR by 144.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank’s stock worth $5,921,000 after purchasing an additional 46,221 shares in the last quarter. Kestrel Investment Management Corp bought a new position in QCR in the 4th quarter worth approximately $4,636,000. Daytona Street Capital LLC purchased a new stake in QCR during the 4th quarter valued at approximately $897,000. Finally, Schroder Investment Management Group grew its holdings in QCR by 86.2% during the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after buying an additional 162,482 shares in the last quarter. 70.01% of the stock is owned by hedge funds and other 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.