Insider Selling: QCR Holdings, Inc. (QCRH) CEO Sells 377 Shares of Stock
QCR Holdings, Inc. (NASDAQ:QCRH) CEO Thomas D. Budd sold 377 shares of QCR Holdings stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $44.75, for a total transaction of $16,870.75. Following the sale, the chief executive officer now directly owns 4,132 shares in the company, valued at approximately $184,907. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of QCR Holdings, Inc. (QCRH) traded down 1.58% during midday trading on Friday, hitting $43.70. 25,630 shares of the stock were exchanged. The firm has a 50 day moving average of $46.82 and a 200-day moving average of $44.69. The stock has a market cap of $576.01 million, a P/E ratio of 17.98 and a beta of 0.61. QCR Holdings, Inc. has a 12 month low of $28.70 and a 12 month high of $50.00.
QCR Holdings (NASDAQ:QCRH) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $34.83 million during the quarter, compared to the consensus estimate of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. Equities research analysts anticipate that QCR Holdings, Inc. will post $2.72 EPS for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. boosted its position in shares of QCR Holdings by 142.1% in the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after buying an additional 1,883 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of QCR Holdings during the second quarter valued at about $200,000. Busey Trust CO acquired a new position in shares of QCR Holdings during the second quarter valued at about $213,000. Principal Financial Group Inc. acquired a new position in shares of QCR Holdings during the second quarter valued at about $244,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of QCR Holdings during the second quarter valued at about $343,000. Institutional investors own 60.77% of the company’s stock.
A number of equities research analysts have recently weighed in on QCRH shares. Maxim Group reaffirmed a “buy” rating and set a $53.00 target price on shares of QCR Holdings in a research note on Thursday, June 15th. Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the company a “buy” rating in a research note on Saturday, July 22nd. ValuEngine lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, BidaskClub lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $43.75.
QCR Holdings Company Profile
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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