QCR Holdings, Inc. (NASDAQ:QCRH) CEO Acquires $64,530.00 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) CEO Larry J. Helling acquired 1,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the transaction, the chief executive officer now owns 40,264 shares of the company's stock, valued at $2,598,235.92. This represents a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

QCR Stock Performance

Shares of NASDAQ:QCRH traded up $1.24 on Friday, hitting $66.37. 121,113 shares of the company were exchanged, compared to its average volume of 74,537. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock's 50 day moving average price is $69.39 and its 200 day moving average price is $78.17. QCR Holdings, Inc. has a 1-year low of $54.75 and a 1-year high of $96.08. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.89 and a beta of 0.81.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.01. QCR had a return on equity of 12.68% and a net margin of 19.06%. The business had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. During the same quarter in the previous year, the business earned $1.59 EPS. Sell-side analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Wednesday, March 19th. QCR's dividend payout ratio (DPR) is currently 3.61%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its position in QCR by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank's stock worth $404,000 after purchasing an additional 142 shares during the period. Hohimer Wealth Management LLC boosted its stake in shares of QCR by 4.9% in the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after buying an additional 164 shares during the last quarter. Rhumbline Advisers grew its holdings in QCR by 0.6% during the fourth quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock worth $2,102,000 after acquiring an additional 165 shares during the period. Mercer Global Advisors Inc. ADV raised its position in QCR by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after acquiring an additional 283 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in QCR by 3.2% in the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock valued at $803,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 70.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Piper Sandler reduced their price target on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price target on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Raymond James set a $78.00 price target on QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th.

About QCR

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.