Laura Ekizian Sells 750 Shares of QCR (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Laura Ekizian sold 750 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the sale, the chief executive officer owned 6,093 shares in the company, valued at approximately $578,591.28. This represents a 10.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

QCR Stock Up 1.0%

QCRH stock opened at $96.38 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of 12.08 and a beta of 0.76. 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 firm’s fifty day moving average is $90.75 and its 200 day moving average is $87.90. QCR Holdings, Inc. has a one year low of $63.68 and a one year high of $96.80.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. The company had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. On average, research analysts forecast that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On QCR

Several hedge funds and other institutional investors have recently modified their holdings of QCRH. Assetmark Inc. purchased a new position in shares of QCR in the fourth quarter worth about $37,000. Farther Finance Advisors LLC lifted its stake in shares of QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after buying an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of QCR in the fourth quarter worth about $61,000. Blue Trust Inc. purchased a new position in shares of QCR in the first quarter worth about $71,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of QCR in the third quarter worth about $72,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Company Profile

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.