QCR (NASDAQ:QCRH) Shares Gap Down to $58.36

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $58.36, but opened at $56.75. QCR shares last traded at $56.40, with a volume of 17,231 shares traded.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several recent research reports. Piper Sandler increased their price target on QCR from $67.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods raised their price target on shares of QCR from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Finally, Raymond James upped their price objective on shares of QCR from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Monday, January 29th.

QCR Stock Performance

The stock has a market capitalization of $983.98 million, a price-to-earnings ratio of 8.53 and a beta of 0.95. The company has a 50 day simple moving average of $57.15 and a 200-day simple moving average of $55.09. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.81.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.27. QCR had a net margin of 20.80% and a return on equity of 13.78%. The business had revenue of $141.91 million for the quarter, compared to analyst estimates of $82.83 million. During the same period in the prior year, the firm earned $1.65 earnings per share. As a group, equities research analysts expect that QCR Holdings, Inc. will post 5.64 EPS for the current fiscal year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, March 14th. QCR's dividend payout ratio (DPR) is currently 3.57%.

Insiders Place Their Bets

In other news, CFO Todd A. Gipple sold 6,791 shares of the business's stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $61.00, for a total transaction of $414,251.00. Following the completion of the sale, the chief financial officer now owns 40,043 shares in the company, valued at $2,442,623. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other QCR news, CFO Todd A. Gipple sold 6,791 shares of the firm's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $61.00, for a total value of $414,251.00. Following the transaction, the chief financial officer now directly owns 40,043 shares of the company's stock, valued at $2,442,623. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Larry J. Helling acquired 1,000 shares of QCR stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $56.00 per share, with a total value of $56,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,601 shares of the company's stock, valued at $2,049,656. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company's stock.

Institutional Trading of QCR

Institutional investors and hedge funds have recently modified their holdings of the stock. BKM Wealth Management LLC bought a new stake in QCR during the fourth quarter worth $33,000. Global Retirement Partners LLC purchased a new position in QCR during the 3rd quarter worth $50,000. SG Americas Securities LLC bought a new stake in shares of QCR in the 3rd quarter worth $146,000. Northwest Bank & Trust Co purchased a new stake in shares of QCR in the fourth quarter valued at about $204,000. Finally, Summit Financial Strategies Inc. bought a new position in shares of QCR during the fourth quarter valued at about $211,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

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.