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

QCR Holdings, Inc. (NASDAQ:QCRH) gapped down prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QCRH. Keefe, Bruyette & Woods lifted their target price on QCR from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Raymond James lifted their target price on QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, Piper Sandler lifted their target price on QCR from $67.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th.

QCR Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50 day moving average of $57.19 and a 200 day moving average of $55.13. The firm has a market capitalization of $966.67 million, a price-to-earnings ratio of 8.58 and a beta of 0.95.

QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, April 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.27. QCR had a return on equity of 13.47% and a net margin of 19.92%. The firm had revenue of $141.91 million during the quarter, compared to analysts’ expectations of $82.83 million. During the same period in the previous year, the firm earned $1.65 earnings per share. As a group, research analysts predict that QCR Holdings, Inc. will post 5.64 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.42%. QCR’s dividend payout ratio is currently 3.58%.

Insider Transactions at QCR

In other news, CEO Larry J. Helling acquired 1,000 shares of QCR stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $56.00 per share, with a total value of $56,000.00. Following the completion of the transaction, the chief executive officer now directly owns 36,601 shares of the company’s stock, valued at $2,049,656. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BKM Wealth Management LLC acquired a new position in QCR during the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC acquired a new position in QCR during the third quarter valued at approximately $50,000. SG Americas Securities LLC acquired a new position in QCR during the third quarter valued at approximately $146,000. Northwest Bank & Trust Co acquired a new position in QCR during the fourth quarter valued at approximately $204,000. Finally, Summit Financial Strategies Inc. acquired a new position in QCR during the fourth quarter valued at approximately $211,000. 70.01% of the stock is owned by institutional investors and hedge funds.

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.