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

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Laura Ekizian sold 750 shares of the business’s stock in a transaction on 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 $578,591.28. This represents a 10.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

QCR Stock Down 0.1%

QCRH opened at $96.33 on Friday. QCR Holdings, Inc. has a one year low of $63.68 and a one year high of $97.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The stock’s fifty day moving average is $90.95 and its 200-day moving average is $87.96. The company has a market capitalization of $1.59 billion, a PE ratio of 12.07 and a beta of 0.76.

QCR (NASDAQ:QCRH) last announced its 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 company 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 fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. QCR’s payout ratio is 5.01%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in QCR by 101.5% during the first quarter. Bank of America Corp DE now owns 42,709 shares of the bank’s stock valued at $3,649,000 after buying an additional 21,517 shares during the period. Rhino Investment Partners Inc raised its position in QCR by 122.1% during the first quarter. Rhino Investment Partners Inc now owns 133,324 shares of the bank’s stock valued at $11,393,000 after buying an additional 73,308 shares during the period. Quantinno Capital Management LP raised its position in QCR by 25.4% during the first quarter. Quantinno Capital Management LP now owns 4,537 shares of the bank’s stock valued at $388,000 after buying an additional 918 shares during the period. Lazard Asset Management LLC raised its position in QCR by 1.9% during the first quarter. Lazard Asset Management LLC now owns 18,827 shares of the bank’s stock valued at $1,609,000 after buying an additional 354 shares during the period. Finally, Lido Advisors LLC raised its position in QCR by 28.6% during the first quarter. Lido Advisors LLC now owns 23,500 shares of the bank’s stock valued at $2,008,000 after buying an additional 5,233 shares during the period. 70.01% of the stock is owned by institutional investors and hedge funds.

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.