James Klein Sells 310 Shares of QCR (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) insider James Klein sold 310 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the transaction, the insider directly owned 428 shares in the company, valued at $38,948. This trade represents a 42.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

QCR Stock Up 0.5%

Shares of NASDAQ QCRH opened at $90.87 on Friday. The firm has a market capitalization of $1.52 billion, a PE ratio of 11.39 and a beta of 0.77. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. QCR Holdings, Inc. has a 1 year low of $63.68 and a 1 year high of $96.00. The firm’s 50-day moving average is $87.21 and its 200-day moving average is $84.46.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (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 12.65%. Equities analysts expect that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th were paid a $0.10 dividend. This is a boost from QCR’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. QCR’s payout ratio is 5.01%.

Wall Street Analyst Weigh In

QCRH has been the topic of several recent research reports. DA Davidson raised their target price on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Raymond James Financial reiterated an “outperform” rating and issued a $99.00 price target on shares of QCR in a research report on Monday. Keefe, Bruyette & Woods increased their price target on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 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. Finally, Piper Sandler cut their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

Institutional Trading of QCR

Several hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers raised its holdings in QCR by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 4,883 shares of the bank’s stock worth $407,000 after buying an additional 122 shares during the period. Farther Finance Advisors LLC raised its holdings in QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after buying an additional 148 shares during the period. Legal & General Group Plc raised its holdings in QCR by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after buying an additional 165 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in QCR by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after buying an additional 185 shares during the period. Finally, LPL Financial LLC grew its stake in shares of QCR by 3.8% during the 4th quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock worth $434,000 after acquiring an additional 191 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

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.