Insider Buying: QCR Holdings Director Purchases 40,000 Shares of Stock (QCRH)
QCR Holdings (NASDAQ:QCRH) Director Michael Lawrence Peterson acquired 40,000 shares of QCR Holdings stock on the open market in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $17.19 per share, with a total value of $687,600.00. Following the acquisition, the director now directly owns 175,439 shares in the company, valued at approximately $3,015,796. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks reiterated an “outperform” rating on shares of QCR Holdings in a research note on Friday. They now have a $20.50 price target on the stock.
Shares of QCR Holdings (NASDAQ:QCRH) opened at 17.27 on Monday. QCR Holdings has a 1-year low of $15.62 and a 1-year high of $18.20. The stock’s 50-day moving average is $17.15 and its 200-day moving average is $17.16. The company has a market cap of $136.9 million and a price-to-earnings ratio of 9.46.
QCR Holdings (NASDAQ:QCRH) last announced its earnings results 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. On average, analysts predict that QCR Holdings will post $1.85 earnings per share 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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