Larry J. Helling Buys 1,000 Shares of QCR Holdings, Inc. (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Larry J. Helling bought 1,000 shares of the company’s stock in a transaction dated Monday, April 28th. The stock was purchased at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the purchase, the chief executive officer now owns 40,264 shares of the company’s stock, valued at approximately $2,598,235.92. This represents a 2.55 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

QCR Price Performance

QCRH traded up $0.51 during trading hours on Monday, hitting $64.67. The company’s stock had a trading volume of 19,627 shares, compared to its average volume of 73,328. QCR Holdings, Inc. has a 12 month low of $54.75 and a 12 month high of $96.08. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $70.49 and its 200-day moving average price is $78.63. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.64 and a beta of 0.81.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.01. QCR had a return on equity of 12.68% and a net margin of 19.06%. The company had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. During the same quarter in the prior year, the firm posted $1.59 EPS. Sell-side analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, March 19th. QCR’s payout ratio is currently 3.61%.

Institutional Trading of QCR

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank’s stock valued at $37,520,000 after buying an additional 43,439 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of QCR by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock valued at $32,464,000 after acquiring an additional 1,294 shares in the last quarter. American Century Companies Inc. grew its stake in QCR by 10.5% in the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank’s stock worth $31,264,000 after purchasing an additional 36,930 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in QCR by 38.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank’s stock worth $15,732,000 after purchasing an additional 54,161 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in QCR by 0.3% during the 4th quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank’s stock worth $14,275,000 after purchasing an additional 609 shares during the period. 70.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

QCRH has been the topic of several research reports. Piper Sandler dropped their target price on QCR from $98.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Raymond James set a $78.00 price objective on shares of QCR and gave the company an “outperform” rating in a research report on Thursday.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.