QCR Holdings, Inc. (NASDAQ:QCRH) CEO Thomas D. Budd sold 377 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $44.75, for a total transaction of $16,870.75. Following the completion of the sale, the chief executive officer now directly owns 4,132 shares in the company, valued at approximately $184,907. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of QCR Holdings, Inc. (QCRH) traded down 1.58% during mid-day trading on Friday, reaching $43.70. 25,630 shares of the company’s stock were exchanged. QCR Holdings, Inc. has a one year low of $28.70 and a one year high of $50.00. The stock has a market cap of $576.01 million, a PE ratio of 17.98 and a beta of 0.61. The company has a 50 day moving average price of $46.82 and a 200-day moving average price of $44.69.
QCR Holdings (NASDAQ:QCRH) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $34.83 million during the quarter, compared to the consensus estimate of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. On average, analysts predict that QCR Holdings, Inc. will post $2.72 EPS for the current year.
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QCRH has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $47.00 price objective on shares of QCR Holdings in a research note on Friday, April 21st. Maxim Group reissued a “buy” rating and issued a $50.00 price objective on shares of QCR Holdings in a research note on Monday, April 24th. ValuEngine raised shares of QCR Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $43.75.
A number of large investors have recently made changes to their positions in QCRH. Citigroup Inc. raised its stake in shares of QCR Holdings by 142.1% in the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock worth $152,000 after buying an additional 1,883 shares during the period. Citadel Advisors LLC purchased a new stake in shares of QCR Holdings during the second quarter worth about $200,000. Busey Trust CO purchased a new stake in shares of QCR Holdings during the second quarter worth about $213,000. Principal Financial Group Inc. purchased a new stake in shares of QCR Holdings during the second quarter worth about $244,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of QCR Holdings during the second quarter worth about $343,000. 60.77% of the stock is currently owned by institutional investors and hedge funds.
QCR Holdings Company Profile
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), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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