QCR Holdings, Inc. (NASDAQ:QCRH) CFO Todd A. Gipple sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $41.40, for a total value of $207,000.00. Following the completion of the sale, the chief financial officer now directly owns 44,363 shares in the company, valued at approximately $1,836,628.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.
QCR stock traded up $0.03 on Friday, reaching $41.78. The company’s stock had a trading volume of 1,893 shares, compared to its average volume of 64,410. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $655.80 million, a price-to-earnings ratio of 13.51 and a beta of 0.82. The business’s fifty day moving average price is $38.84 and its 200 day moving average price is $35.90. QCR Holdings, Inc. has a twelve month low of $30.15 and a twelve month high of $42.40.
QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $60.63 million for the quarter, compared to analyst estimates of $54.10 million. QCR had a return on equity of 11.77% and a net margin of 19.58%. As a group, equities analysts forecast that QCR Holdings, Inc. will post 3.59 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of QCRH. CWM LLC increased its holdings in QCR by 2,981.0% in the third quarter. CWM LLC now owns 647 shares of the bank’s stock valued at $25,000 after purchasing an additional 626 shares during the last quarter. Swiss National Bank increased its holdings in shares of QCR by 2.6% in the second quarter. Swiss National Bank now owns 27,839 shares of the bank’s stock worth $971,000 after acquiring an additional 700 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of QCR in the third quarter worth about $30,000. JPMorgan Chase & Co. increased its holdings in shares of QCR by 25.4% in the second quarter. JPMorgan Chase & Co. now owns 4,053 shares of the bank’s stock worth $140,000 after acquiring an additional 820 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of QCR in the second quarter worth about $43,000. 60.10% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. ValuEngine raised QCR from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. BidaskClub raised QCR from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Zacks Investment Research lowered QCR from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Stephens set a $45.00 price objective on QCR and gave the stock a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.00.
QCR Company Profile
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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