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 the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

QCR Stock Down 2.7 %

Shares of NASDAQ:QCRH traded down $2.19 during trading on Thursday, hitting $79.10. 53,457 shares of the company’s stock traded hands, compared to its average volume of 61,111. QCR Holdings, Inc. has a 52 week low of $47.00 and a 52 week high of $83.12. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 11.98 and a beta of 0.94. The company has a 50-day moving average price of $76.05 and a 200-day moving average price of $66.68.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.29. QCR had a return on equity of 13.16% and a net margin of 19.25%. The business had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. During the same quarter in the previous year, the business posted $1.51 EPS. As a group, research analysts forecast that QCR Holdings, Inc. will post 6.34 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 13th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s dividend payout ratio is presently 3.58%.

Institutional Investors Weigh In On QCR

A number of hedge funds and other institutional investors have recently bought and sold shares of QCRH. Principal Financial Group Inc. acquired a new stake in QCR in the 1st quarter valued at approximately $426,000. BNP Paribas Financial Markets raised its position in QCR by 90.0% in the 1st quarter. BNP Paribas Financial Markets now owns 8,154 shares of the bank’s stock valued at $495,000 after buying an additional 3,862 shares during the last quarter. Empowered Funds LLC raised its position in QCR by 8.0% in the 1st quarter. Empowered Funds LLC now owns 56,491 shares of the bank’s stock valued at $3,431,000 after buying an additional 4,200 shares during the last quarter. SG Americas Securities LLC acquired a new stake in QCR in the 1st quarter valued at approximately $116,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in QCR in the 1st quarter valued at approximately $205,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.