QCR Holdings, Inc. (QCRH) CEO Sells $20,554.00 in Stock
QCR Holdings, Inc. (NASDAQ:QCRH) CEO Thomas D. Budd sold 478 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total value of $20,554.00. Following the sale, the chief executive officer now owns 3,924 shares of the company’s stock, valued at approximately $168,732. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
QCR Holdings, Inc. (NASDAQ QCRH) traded up 0.23% during midday trading on Wednesday, hitting $43.00. The stock had a trading volume of 26,825 shares. The stock has a 50-day moving average price of $44.45 and a 200 day moving average price of $44.76. QCR Holdings, Inc. has a one year low of $28.70 and a one year high of $50.00. The firm has a market cap of $566.78 million, a PE ratio of 17.69 and a beta of 0.62.
QCR Holdings (NASDAQ:QCRH) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $34.83 million during the quarter, compared to the consensus estimate of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. On average, analysts predict that QCR Holdings, Inc. will post $2.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Friday, September 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, September 14th. QCR Holdings’s dividend payout ratio (DPR) is 8.23%.
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Several research firms have recently commented on QCRH. BidaskClub cut QCR Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine upgraded QCR Holdings from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods set a $52.00 price target on QCR Holdings and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, Maxim Group restated a “buy” rating and set a $53.00 price target on shares of QCR Holdings in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in QCR Holdings by 0.4% during the 2nd quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after acquiring an additional 100 shares in the last quarter. Nationwide Fund Advisors raised its stake in QCR Holdings by 2.8% during the 2nd quarter. Nationwide Fund Advisors now owns 16,981 shares of the bank’s stock valued at $805,000 after acquiring an additional 463 shares in the last quarter. Stifel Financial Corp raised its stake in QCR Holdings by 0.5% during the 2nd quarter. Stifel Financial Corp now owns 101,596 shares of the bank’s stock valued at $4,817,000 after acquiring an additional 464 shares in the last quarter. California Public Employees Retirement System raised its stake in QCR Holdings by 3.9% during the 2nd quarter. California Public Employees Retirement System now owns 21,336 shares of the bank’s stock valued at $1,011,000 after acquiring an additional 800 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in QCR Holdings by 9.7% during the 2nd quarter. Rhumbline Advisers now owns 13,478 shares of the bank’s stock valued at $639,000 after acquiring an additional 1,196 shares in the last quarter. 62.07% of the stock is currently owned by institutional investors and hedge funds.
QCR Holdings Company Profile
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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