QCR (NASDAQ:QCRH) CFO Todd Gipple Sells 8,590 Shares

QCR Holdings, Inc. (NASDAQ:QCRH) CFO Todd Gipple sold 8,590 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $89.92, for a total value of $772,412.80. Following the completion of the sale, the chief financial officer owned 44,902 shares of the company’s stock, valued at $4,037,587.84. This trade represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

QCR Stock Performance

Shares of QCR stock opened at $92.35 on Tuesday. The business’s 50 day moving average price is $85.58 and its 200 day moving average price is $78.98. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 12.30 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $92.87.

QCR (NASDAQ:QCRH) last issued its earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. The business had revenue of $107.02 million during the quarter, compared to the consensus estimate of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. On average, research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, December 23rd. QCR’s payout ratio is presently 3.20%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QCRH. Weiss Ratings reiterated a “hold (c+)” rating on shares of QCR in a report on Monday, December 29th. DA Davidson upped their price target on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Zacks Research downgraded QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 target price (up previously from $105.00) on shares of QCR in a research report on Friday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $103.00 price target on shares of QCR in a research report on Friday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.25.

Hedge Funds Weigh In On QCR

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of QCR by 34.6% during the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after purchasing an additional 148 shares in the last quarter. Creative Planning lifted its holdings in QCR by 1.1% during the 2nd quarter. Creative Planning now owns 13,917 shares of the bank’s stock worth $945,000 after buying an additional 157 shares in the last quarter. Legal & General Group Plc boosted its position in QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after buying an additional 165 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of QCR by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after acquiring an additional 185 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of QCR by 1.2% during the third quarter. Swiss National Bank now owns 32,739 shares of the bank’s stock worth $2,476,000 after acquiring an additional 400 shares during the period. 70.01% of the stock is currently 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.