Insider Selling: QCR Holdings, Inc. (QCRH) CEO Sells 997 Shares of Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Thomas D. Budd sold 997 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $44.33, for a total value of $44,197.01. Following the sale, the chief executive officer now owns 4,208 shares of the company’s stock, valued at $186,540.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

QCR Holdings, Inc. (NASDAQ:QCRH) traded up $0.05 during midday trading on Friday, reaching $43.45. The company’s stock had a trading volume of 158,247 shares, compared to its average volume of 41,052. QCR Holdings, Inc. has a one year low of $39.85 and a one year high of $50.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $615.28, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.68 and a beta of 0.54.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.46%. QCR’s dividend payout ratio (DPR) is currently 7.84%.

Several analysts recently issued reports on QCRH shares. Piper Jaffray Companies set a $55.00 price objective on QCR and gave the stock a “buy” rating in a report on Friday, October 6th. Maxim Group cut their target price on QCR from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, ValuEngine lowered QCR from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. QCR has an average rating of “Buy” and an average price target of $52.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of QCRH. Kennedy Capital Management Inc. acquired a new stake in shares of QCR in the second quarter valued at about $5,760,000. AJO LP grew its position in shares of QCR by 507.5% in the second quarter. AJO LP now owns 88,437 shares of the bank’s stock valued at $4,192,000 after purchasing an additional 73,879 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of QCR in the second quarter valued at about $3,468,000. Wedge Capital Management L L P NC grew its position in shares of QCR by 62.5% in the third quarter. Wedge Capital Management L L P NC now owns 141,208 shares of the bank’s stock valued at $6,425,000 after purchasing an additional 54,304 shares during the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of QCR in the second quarter valued at about $1,934,000. Institutional investors own 59.71% of the company’s stock.

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About QCR

QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.

Insider Buying and Selling by Quarter for QCR (NASDAQ:QCRH)

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