Nick W. Anderson Sells 675 Shares of QCR Holdings, Inc. (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the transaction, the chief accounting officer now owns 782 shares of the company’s stock, valued at $64,069.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

QCR Stock Down 0.9 %

QCRH stock opened at $78.37 on Friday. QCR Holdings, Inc. has a 1-year low of $48.20 and a 1-year high of $83.12. The business has a fifty day moving average price of $76.23 and a 200-day moving average price of $66.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market capitalization of $1.32 billion, a P/E ratio of 11.37 and a beta of 0.94.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.29. The firm had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. QCR had a return on equity of 13.16% and a net margin of 19.25%. During the same quarter in the previous year, the business earned $1.51 earnings per share. Equities analysts forecast that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s payout ratio is currently 3.48%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $82.00 price objective (up previously from $70.00) on shares of QCR in a research note on Monday, July 29th.

Hedge Funds Weigh In On QCR

Institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of QCR by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock worth $18,432,000 after acquiring an additional 51,471 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of QCR by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after acquiring an additional 13,567 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of QCR during the 3rd quarter worth $818,000. Janus Henderson Group PLC boosted its stake in shares of QCR by 131.3% during the 1st quarter. Janus Henderson Group PLC now owns 16,301 shares of the bank’s stock worth $989,000 after acquiring an additional 9,253 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of QCR by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock worth $20,110,000 after acquiring an additional 8,800 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.