QCR (NASDAQ:QCRH) Insider James Klein Sells 554 Shares

QCR Holdings, Inc. (NASDAQ:QCRH) insider James Klein sold 554 shares of QCR stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the transaction, the insider directly owned 738 shares in the company, valued at approximately $60,885. This represents a 42.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

QCR Trading Down 1.0%

QCR stock traded down $0.83 during mid-day trading on Thursday, hitting $82.03. 54,197 shares of the stock were exchanged, compared to its average volume of 95,918. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 10.88 and a beta of 0.82. QCR Holdings, Inc. has a 12 month low of $60.83 and a 12 month high of $96.00. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $88.24 and its two-hundred day simple moving average is $81.99.

QCR (NASDAQ:QCRH) last announced its earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $1.96 by $0.25. QCR had a return on equity of 12.13% and a net margin of 21.07%.The company had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. Analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from QCR’s previous quarterly dividend of $0.06. QCR’s payout ratio is 3.20%.

Analyst Upgrades and Downgrades

QCRH has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Zacks Research cut QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Raymond James Financial restated an “outperform” rating and set a $103.00 price objective on shares of QCR in a report on Friday, January 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 price objective (up from $105.00) on shares of QCR in a research report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, QCR currently has an average rating of “Moderate Buy” and an average price target of $102.25.

Hedge Funds Weigh In On QCR

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in shares of QCR in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC grew its stake in QCR by 34.6% in the 4th 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 purchased a new position in QCR in the 3rd quarter valued at approximately $51,000. Kemnay Advisory Services Inc. bought a new stake in QCR during the 4th quarter valued at $61,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of QCR during the third quarter worth $72,000. Institutional investors own 70.01% of the company’s stock.

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.