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

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price 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.

Analysts Set New Price Targets

QCRH has been the subject of a number of research analyst reports. Raymond James boosted their target price on QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Piper Sandler boosted their price objective on QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th.

QCR Price Performance

The stock has a market cap of $966.67 million, a P/E ratio of 8.58 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day simple moving average of $57.19 and a 200-day simple moving average of $55.13.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data 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. The firm 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 13.47% and a net margin of 19.92%. During the same quarter in the prior year, the company earned $1.65 EPS. On average, sell-side analysts forecast that QCR Holdings, Inc. will post 5.64 EPS for the current year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. QCR’s dividend payout ratio (DPR) is presently 3.58%.

Insider Buying and Selling at QCR

In other QCR news, CEO Larry J. Helling acquired 1,000 shares of QCR stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $56.00 per share, for a total transaction of $56,000.00. Following the purchase, the chief executive officer now directly owns 36,601 shares of the company’s stock, valued at $2,049,656. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in shares of QCR during the 4th quarter worth $33,000. Global Retirement Partners LLC bought a new position in shares of QCR during the 3rd quarter worth $50,000. SG Americas Securities LLC bought a new position in shares of QCR during the 3rd quarter worth $146,000. Northwest Bank & Trust Co bought a new position in QCR in the 4th quarter worth about $204,000. Finally, Summit Financial Strategies Inc. bought a new position in QCR in the 4th quarter worth about $211,000. Institutional investors own 70.01% of the company’s stock.

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.