QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) CAO Nick W. Anderson sold 675 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the transaction, the chief accounting officer now owns 782 shares in the company, valued at approximately $64,069.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
QCR Trading Down 2.7 %
Shares of QCR stock opened at $79.10 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock's 50 day simple moving average is $76.20 and its 200-day simple moving average is $66.76. The stock has a market cap of $1.33 billion, a P/E ratio of 11.48 and a beta of 0.94. QCR Holdings, Inc. has a 1-year low of $47.00 and a 1-year high of $83.12.
QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.29. QCR had a return on equity of 13.16% and a net margin of 19.25%. The company had revenue of $152.58 million during the quarter, compared to analysts' expectations of $84.00 million. During the same period in the prior year, the business earned $1.51 EPS. Analysts predict that QCR Holdings, Inc. will post 6.73 EPS for the current fiscal year.
QCR Dividend Announcement
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The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Friday, September 13th. QCR's payout ratio is presently 3.48%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Summit Global Investments acquired a new stake in shares of QCR during the 3rd quarter worth about $261,000. Principal Financial Group Inc. increased its position in shares of QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank's stock valued at $615,000 after acquiring an additional 834 shares during the last quarter. EMC Capital Management raised its stake in shares of QCR by 54.1% in the 3rd quarter. EMC Capital Management now owns 7,073 shares of the bank's stock valued at $524,000 after acquiring an additional 2,482 shares during the period. New York State Teachers Retirement System acquired a new position in shares of QCR in the 3rd quarter worth approximately $111,000. Finally, Inspire Investing LLC purchased a new position in shares of QCR during the 3rd quarter worth approximately $818,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $82.00 price objective (up previously from $70.00) on shares of QCR in a report on Monday, July 29th.
Get Our Latest Stock Report on QCR
About QCR
(
Get Free Report)
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.
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