Todd Gipple Sells 8,590 Shares of QCR (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CFO Todd Gipple sold 8,590 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $89.92, for a total transaction of $772,412.80. Following the sale, the chief financial officer owned 44,902 shares in the company, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

QCR Price Performance

Shares of NASDAQ QCRH opened at $92.18 on Wednesday. The company has a fifty day moving average price of $85.80 and a 200 day moving average price of $79.10. The firm has a market cap of $1.55 billion, a PE ratio of 12.27 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. QCR Holdings, Inc. has a 1-year low of $60.83 and a 1-year high of $95.00.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. Research analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. QCR’s dividend payout ratio (DPR) is currently 3.20%.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their target price on shares of QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Piper Sandler restated an “overweight” rating and set a $108.00 price objective (up from $105.00) on shares of QCR in a research note on Friday. Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, DA Davidson raised their price target on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.25.

Institutional Trading of QCR

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after acquiring an additional 148 shares during the last quarter. Creative Planning grew its stake in QCR by 1.1% in the 2nd quarter. Creative Planning now owns 13,917 shares of the bank’s stock valued at $945,000 after buying an additional 157 shares during the last quarter. Legal & General Group Plc lifted its position in QCR by 1.0% during the second quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after acquiring an additional 165 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in QCR by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after purchasing an additional 185 shares during the last quarter. Finally, Swiss National Bank grew its holdings in QCR by 1.2% in the 3rd quarter. Swiss National Bank now owns 32,739 shares of the bank’s stock valued at $2,476,000 after buying an additional 400 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

About QCR

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.