Insider Buying: QCR Holdings, Inc. (NASDAQ:QCRH) CEO Buys 1,000 Shares of Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CEO Larry J. Helling bought 1,000 shares of QCR stock in a transaction dated Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the completion of the transaction, the chief executive officer now directly owns 40,264 shares in the company, valued at approximately $2,598,235.92. This trade represents a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

QCR Trading Up 0.8 %

NASDAQ QCRH traded up $0.51 during trading on Monday, hitting $64.67. 19,627 shares of the company’s stock traded hands, compared to its average volume of 73,328. The firm has a market cap of $1.09 billion, a P/E ratio of 9.64 and a beta of 0.81. The stock has a fifty day moving average of $70.49 and a two-hundred day moving average of $78.63. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR Holdings, Inc. has a 12-month low of $54.75 and a 12-month high of $96.08.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data 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. The firm had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. QCR had a return on equity of 12.68% and a net margin of 19.06%. During the same quarter in the previous year, the company posted $1.59 earnings per share. As a group, sell-side analysts expect 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 given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. QCR’s dividend payout ratio is currently 3.61%.

Wall Street Analyst Weigh In

QCRH has been the subject of a number of research reports. Raymond James set a $78.00 target price on shares of QCR and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler reduced their price objective on shares of QCR from $98.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Keefe, Bruyette & Woods cut their price target on QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its stake in QCR by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock worth $404,000 after buying an additional 142 shares in the last quarter. Rhumbline Advisers increased its stake in shares of QCR by 0.6% in the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank’s stock worth $2,102,000 after acquiring an additional 165 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in QCR by 5.2% during the 4th 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 during the period. MetLife Investment Management LLC increased its stake in shares of QCR by 3.2% during the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank’s stock valued at $803,000 after purchasing an additional 313 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of QCR by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank’s stock worth $752,000 after purchasing an additional 365 shares in the last quarter. 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.