Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given an average rating of “Buy” by the seven analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $53.60.
Several equities analysts recently issued reports on the company. BidaskClub upgraded QCR from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. ValuEngine upgraded QCR from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th.
QCR traded up $0.40, hitting $49.15, during trading on Wednesday, Marketbeat reports. The company had a trading volume of 40,400 shares, compared to its average volume of 50,232. The stock has a market capitalization of $673.92 million, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.46 and a beta of 0.43. QCR has a 1-year low of $39.85 and a 1-year high of $50.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.88.
QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, April 18th. The bank reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The firm had revenue of $40.94 million for the quarter, compared to analysts’ expectations of $40.39 million. QCR had a return on equity of 11.45% and a net margin of 21.13%. analysts expect that QCR will post 3.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Shareholders of record on Friday, June 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, June 14th. QCR’s dividend payout ratio is presently 9.02%.
In other QCR news, CEO Larry J. Helling sold 1,000 shares of QCR stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the sale, the chief executive officer now owns 10,504 shares of the company’s stock, valued at approximately $498,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John H. Anderson sold 3,697 shares of the business’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $47.56, for a total value of $175,829.32. Following the sale, the chief executive officer now directly owns 5,407 shares in the company, valued at approximately $257,156.92. The disclosure for this sale can be found here. Insiders sold a total of 9,939 shares of company stock worth $465,285 in the last ninety days. 8.80% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of QCR during the 1st quarter worth approximately $632,000. Millennium Management LLC boosted its stake in shares of QCR by 7.6% during the 1st quarter. Millennium Management LLC now owns 101,149 shares of the bank’s stock worth $4,537,000 after acquiring an additional 7,132 shares in the last quarter. Barclays PLC boosted its stake in shares of QCR by 82.8% during the 1st quarter. Barclays PLC now owns 3,514 shares of the bank’s stock worth $158,000 after acquiring an additional 1,592 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of QCR by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 226,177 shares of the bank’s stock worth $10,144,000 after acquiring an additional 2,523 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of QCR during the 1st quarter worth approximately $239,000. 62.84% of the stock is currently owned by institutional investors and hedge funds.
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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