QCR (NASDAQ:QCRH) CEO Laura Ekizian Sells 750 Shares

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Laura Ekizian sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the sale, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. This represents a 10.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

QCR Price Performance

Shares of NASDAQ QCRH opened at $95.47 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The company has a market cap of $1.58 billion, a PE ratio of 11.96 and a beta of 0.76. The business has a 50-day simple moving average of $90.53 and a two-hundred day simple moving average of $87.78. QCR Holdings, Inc. has a fifty-two week low of $63.68 and a fifty-two week high of $96.35.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.21. The business had revenue of $89.52 million during the quarter, compared to the consensus estimate of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. As a group, equities analysts expect that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 18th. QCR’s dividend payout ratio (DPR) is currently 5.01%.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several recent analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $99.00 price target on shares of QCR in a report on Monday, April 27th. Piper Sandler decreased their target price on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, QCR presently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Institutional Investors Weigh In On QCR

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. acquired a new stake in shares of QCR during the fourth quarter worth about $37,000. Farther Finance Advisors LLC lifted its holdings 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 during the period. Kemnay Advisory Services Inc. purchased a new position in QCR during the fourth quarter valued at approximately $61,000. Blue Trust Inc. purchased a new position in QCR during the first quarter valued at approximately $71,000. Finally, Quadrant Capital Group LLC purchased a new position in QCR during the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

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.