QCR Holdings, Inc. (NASDAQ:QCRH) CAO Sells $55,302.75 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now owns 782 shares in the company, valued at $64,069.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

QCR Trading Down 0.9 %

NASDAQ:QCRH opened at $78.37 on Friday. The stock has a fifty day simple moving average of $76.23 and a 200 day simple moving average of $67.01. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.37 and a beta of 0.93. QCR Holdings, Inc. has a 1-year low of $48.20 and a 1-year high of $83.12. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping the consensus estimate of $1.49 by $0.29. QCR had a net margin of 19.25% and a return on equity of 13.16%. The company had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same period last year, the company posted $1.51 earnings per share. Sell-side analysts forecast that QCR Holdings, Inc. will post 6.73 earnings per share for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, September 13th. QCR’s payout ratio is 3.48%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $82.00 price target (up previously from $70.00) on shares of QCR in a report on Monday, July 29th.

Institutional Trading of QCR

Large investors have recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of QCR during the second quarter valued at $35,000. Lazard Asset Management LLC purchased a new position in QCR during the 1st quarter valued at about $43,000. New York State Teachers Retirement System purchased a new position in QCR during the 3rd quarter valued at about $111,000. SG Americas Securities LLC acquired a new position in shares of QCR in the 1st quarter valued at about $116,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of QCR in the first quarter worth approximately $205,000. 70.01% of the stock is owned by institutional investors and hedge funds.

About QCR

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.