QCR Holdings (QCRH) Getting Somewhat Favorable News Coverage, Report Shows
News headlines about QCR Holdings (NASDAQ:QCRH) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. QCR Holdings earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.2292160335698 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of analysts recently issued reports on the company. Maxim Group reissued a “buy” rating and issued a $53.00 target price on shares of QCR Holdings in a research report on Thursday, June 15th. ValuEngine cut QCR Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Keefe, Bruyette & Woods set a $52.00 target price on QCR Holdings and gave the company a “buy” rating in a research report on Saturday, July 22nd. Finally, BidaskClub cut QCR Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.00.
Shares of QCR Holdings (QCRH) traded up 1.60% during mid-day trading on Friday, hitting $44.55. The company had a trading volume of 16,879 shares. The stock has a market cap of $587.21 million, a price-to-earnings ratio of 56.39 and a beta of 0.62. QCR Holdings has a 52-week low of $28.70 and a 52-week high of $50.00. The stock’s 50-day moving average is $43.95 and its 200-day moving average is $44.71.
QCR Holdings (NASDAQ:QCRH) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.01). The firm had revenue of $34.83 million during the quarter, compared to the consensus estimate of $36.49 million. QCR Holdings had a net margin of 21.11% and a return on equity of 11.17%. Equities analysts forecast that QCR Holdings will post $2.72 earnings per share for the current year.
The company also recently disclosed 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 yield of 0.45%. The ex-dividend date is Thursday, September 14th. QCR Holdings’s dividend payout ratio is currently 8.23%.
In other QCR Holdings news, EVP Cathie Whiteside sold 2,675 shares of QCR Holdings stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.95, for a total value of $122,916.25. Following the completion of the transaction, the executive vice president now directly owns 12,255 shares in the company, valued at $563,117.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd A. Gipple sold 5,920 shares of QCR Holdings stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total value of $254,560.00. Following the completion of the transaction, the chief financial officer now owns 49,162 shares of the company’s stock, valued at $2,113,966. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,450 shares of company stock valued at $646,051. 8.80% of the stock is owned by corporate insiders.
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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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