Cathie Whiteside Sells 5,000 Shares of QCR Holdings, Inc. (QCRH) Stock
QCR Holdings, Inc. (NASDAQ:QCRH) EVP Cathie Whiteside sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $46.23, for a total value of $231,150.00. Following the completion of the transaction, the executive vice president now directly owns 17,255 shares of the company’s stock, valued at $797,698.65. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Cathie Whiteside also recently made the following trade(s):
- On Tuesday, August 1st, Cathie Whiteside sold 2,675 shares of QCR Holdings stock. The shares were sold at an average price of $45.95, for a total value of $122,916.25.
QCR Holdings, Inc. (NASDAQ QCRH) opened at 45.50 on Tuesday. QCR Holdings, Inc. has a 52-week low of $27.48 and a 52-week high of $50.00. The firm’s 50-day moving average price is $47.45 and its 200 day moving average price is $44.55. The stock has a market cap of $599.46 million, a P/E ratio of 18.72 and a beta of 0.61.
QCR Holdings (NASDAQ:QCRH) last released its earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $34.83 million during the quarter, compared to analyst estimates of $36.49 million. QCR Holdings had a return on equity of 11.34% and a net margin of 21.11%. Equities analysts predict that QCR Holdings, Inc. will post $2.72 earnings per share for the current year.
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QCRH has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 price objective on shares of QCR Holdings in a research note on Monday, April 10th. Maxim Group reaffirmed a “buy” rating and issued a $53.00 price objective on shares of QCR Holdings in a research note on Thursday, June 15th. ValuEngine raised QCR Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub downgraded QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $43.75.
Several hedge funds and other institutional investors have recently bought and sold shares of QCRH. First Quadrant L P CA bought a new position in QCR Holdings during the second quarter valued at about $468,000. Municipal Employees Retirement System of Michigan bought a new position in QCR Holdings during the second quarter valued at about $723,000. Bowling Portfolio Management LLC bought a new position in QCR Holdings during the second quarter valued at about $746,000. Bessemer Group Inc. boosted its position in QCR Holdings by 0.4% in the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after buying an additional 100 shares in the last quarter. Finally, Busey Trust CO bought a new position in QCR Holdings during the second quarter valued at about $213,000. 60.77% of the stock is currently owned by institutional investors.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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