James Klein Sells 554 Shares of QCR (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) insider James Klein sold 554 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total transaction of $45,705.00. Following the completion of the transaction, the insider directly owned 738 shares of the company’s stock, 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 available at this hyperlink.

QCR Stock Performance

Shares of QCRH opened at $81.90 on Friday. QCR Holdings, Inc. has a 1 year low of $60.83 and a 1 year high of $96.00. The company’s 50 day simple moving average is $88.21 and its 200 day simple moving average is $82.01. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 10.91 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00.

QCR (NASDAQ:QCRH) last released its earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping the consensus estimate of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.13%. The firm had revenue of $107.02 million during the quarter, compared to analysts’ expectations of $106.87 million. On average, sell-side analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 19th. QCR’s dividend payout ratio (DPR) is presently 3.20%.

Hedge Funds Weigh In On QCR

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. acquired a new stake in QCR during the 4th quarter worth approximately $37,000. Farther Finance Advisors LLC lifted its position in QCR by 34.6% during the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after buying an additional 148 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in QCR during the third quarter valued at approximately $51,000. Kemnay Advisory Services Inc. purchased a new stake in QCR during the fourth quarter worth approximately $61,000. Finally, Quadrant Capital Group LLC purchased a new stake in QCR during the third quarter worth approximately $72,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on QCRH. Piper Sandler reiterated an “overweight” rating and set a $108.00 target price (up from $105.00) on shares of QCR in a research report on Friday, January 30th. Keefe, Bruyette & Woods lifted their price target on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. DA Davidson upped their price objective on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Raymond James Financial reiterated an “outperform” rating and set a $103.00 price objective on shares of QCR in a report on Friday, January 30th. Finally, Zacks Research cut shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Four equities research 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 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.