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 that occurred on Monday, May 12th. The shares were sold at an average price of $60.74, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

QCR Stock Performance

QCR stock opened at $93.97 on Tuesday. The stock’s 50 day simple moving average is $90.08 and its two-hundred day simple moving average is $87.51. 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 has a market cap of $1.55 billion, a price-to-earnings ratio of 11.78 and a beta of 0.76. QCR Holdings, Inc. has a fifty-two week low of $63.68 and a fifty-two week high of $96.00.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The business had revenue of $89.52 million for the quarter, compared to analysts’ expectations of $105.42 million. As a group, analysts expect that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders 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 dividend yield of 0.4%. The ex-dividend date is Thursday, June 18th. QCR’s dividend payout ratio (DPR) is presently 5.01%.

Hedge Funds Weigh In On QCR

A number of hedge funds have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC raised its holdings in QCR by 9.7% in the 4th quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock worth $63,480,000 after acquiring an additional 67,517 shares during the last quarter. Victory Capital Management Inc. raised its holdings in QCR by 715.4% in the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after acquiring an additional 351,145 shares during the last quarter. Schroder Investment Management Group raised its holdings in QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after acquiring an additional 162,482 shares during the last quarter. Endeavour Capital Advisors Inc. raised its holdings in QCR by 23.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock worth $27,364,000 after acquiring an additional 62,032 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in QCR by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock worth $18,438,000 after acquiring an additional 1,118 shares during the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.