Insider Buying: QCR Holdings Director Buys 40,000 Shares of Stock (QCRH)
QCR Holdings (NASDAQ:QCRH) Director Michael Lawrence Peterson acquired 40,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $17.19 per share, for a total transaction of $687,600.00. Following the completion of the transaction, the director now directly owns 175,439 shares in the company, valued at approximately $3,015,796. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
QCR Holdings (NASDAQ:QCRH) traded up 0.81% during mid-day trading on Thursday, hitting $17.3399. The stock had a trading volume of 9,698 shares. QCR Holdings has a 1-year low of $15.50 and a 1-year high of $18.20. The stock’s 50-day moving average is $17.14 and its 200-day moving average is $17.1. The company has a market cap of $137.5 million and a price-to-earnings ratio of 9.38.
QCR Holdings (NASDAQ:QCRH) last released its earnings data on Wednesday, July 23rd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.02. Analysts expect that QCR Holdings will post $1.85 EPS for the current fiscal year.
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, and Rockford communities through its three wholly owned banking subsidiaries, which provide full-service commercial and consumer banking and trust and asset management services.
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