Laura Ekizian Sells 750 Shares of QCR (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Laura Ekizian sold 750 shares of QCR stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the transaction, the chief executive officer owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. The trade was a 10.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

QCR Stock Performance

Shares of QCRH traded up $0.51 during mid-day trading on Wednesday, hitting $95.47. The stock had a trading volume of 126,041 shares, compared to its average volume of 102,541. The company has a market cap of $1.58 billion, a PE ratio of 11.96 and a beta of 0.76. The company’s fifty day simple moving average is $90.31 and its two-hundred day simple moving average is $87.64. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. QCR Holdings, Inc. has a fifty-two week low of $63.68 and a fifty-two week high of $96.35.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, topping the consensus estimate of $1.78 by $0.21. The company had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. On average, equities analysts expect that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Thursday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR’s payout ratio is currently 5.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in shares of QCR in the 4th quarter worth $37,000. Farther Finance Advisors LLC raised its stake in shares of QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after buying an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of QCR during the 4th quarter valued at about $61,000. Blue Trust Inc. bought a new position in shares of QCR during the 1st quarter valued at about $71,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of QCR in the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler reduced their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Raymond James Financial restated an “outperform” rating and set a $99.00 price objective on shares of QCR in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, QCR has an average rating of “Moderate Buy” and a consensus target price of $101.00.

QCR Company Profile

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.