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

QCR Holdings, Inc. (NASDAQ:QCRH)’s stock price 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 trading hands.

Analyst Ratings Changes

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

QCR Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $57.15 and a 200-day moving average price of $55.09. The firm has a market capitalization of $971.88 million, a price-to-earnings ratio of 8.53 and a beta of 0.95.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data 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. The business had revenue of $141.91 million during the quarter, compared to the consensus estimate of $82.83 million. QCR had a return on equity of 13.78% and a net margin of 20.80%. During the same period in the previous year, the firm posted $1.65 earnings per share. As a group, equities research analysts forecast that QCR Holdings, Inc. will post 5.64 earnings per share for the current year.

QCR Announces Dividend

The firm 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 of this dividend was Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.41%. QCR’s dividend payout ratio is presently 3.57%.

Insider Transactions at QCR

In other QCR news, CEO Larry J. Helling acquired 1,000 shares of QCR stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $56.00 per share, for a total transaction of $56,000.00. Following the completion of the transaction, the chief executive officer now owns 36,601 shares in the company, valued at approximately $2,049,656. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Larry J. Helling bought 1,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of $56.00 per share, for a total transaction 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 approximately $2,049,656. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Todd A. Gipple sold 6,791 shares of the company’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 value of $414,251.00. Following the completion of the sale, the chief financial officer now owns 40,043 shares of the company’s stock, valued at $2,442,623. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On QCR

Institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its holdings in shares of QCR by 1.3% in the fourth quarter. Comerica Bank now owns 27,328 shares of the bank’s stock valued at $1,596,000 after buying an additional 344 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of QCR by 5.4% in the fourth quarter. Teacher Retirement System of Texas now owns 10,600 shares of the bank’s stock valued at $619,000 after buying an additional 540 shares in the last quarter. BKM Wealth Management LLC bought a new position in shares of QCR in the fourth quarter valued at $33,000. Rafferty Asset Management LLC increased its holdings in shares of QCR by 6.3% in the third quarter. Rafferty Asset Management LLC now owns 10,868 shares of the bank’s stock valued at $527,000 after buying an additional 647 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of QCR by 2.4% in the first quarter. Assenagon Asset Management S.A. now owns 30,406 shares of the bank’s stock valued at $1,847,000 after buying an additional 716 shares in the last quarter. 70.01% of the stock is currently 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.