Several other brokerages also recently weighed in on QCRH. Piper Jaffray Companies set a $55.00 price objective on shares of QCR and gave the stock a buy rating in a research report on Friday, October 6th. Maxim Group reduced their price target on shares of QCR from $53.00 to $51.00 and set a buy rating for the company in a research report on Friday, November 3rd. Finally, ValuEngine upgraded shares of QCR from a hold rating to a buy rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $54.00.
Shares of QCR (NASDAQ QCRH) opened at $44.20 on Wednesday. The firm has a market cap of $611.11, a P/E ratio of 17.33, a PEG ratio of 1.43 and a beta of 0.54. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. QCR has a 12-month low of $39.85 and a 12-month high of $50.00.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Friday, December 15th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. QCR’s dividend payout ratio (DPR) is presently 7.84%.
In related news, CEO Thomas D. Budd sold 997 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $44.33, for a total value of $44,197.01. Following the sale, the chief executive officer now directly owns 4,208 shares of the company’s stock, valued at approximately $186,540.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Larry J. Helling sold 1,021 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $44.40, for a total transaction of $45,332.40. Following the completion of the sale, the chief executive officer now directly owns 11,180 shares in the company, valued at $496,392. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,818 shares of company stock worth $124,113. Corporate insiders own 8.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in QCRH. Schwab Charles Investment Management Inc. lifted its holdings in QCR by 23.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,062 shares of the bank’s stock valued at $1,046,000 after purchasing an additional 4,200 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of QCR by 9.7% during the 2nd quarter. Rhumbline Advisers now owns 13,478 shares of the bank’s stock worth $639,000 after acquiring an additional 1,196 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of QCR by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,856 shares of the bank’s stock worth $3,217,000 after acquiring an additional 3,545 shares during the period. Comerica Bank purchased a new position in shares of QCR during the 2nd quarter worth about $397,000. Finally, Federated Investors Inc. PA lifted its holdings in shares of QCR by 24.5% during the 2nd quarter. Federated Investors Inc. PA now owns 31,016 shares of the bank’s stock worth $1,470,000 after acquiring an additional 6,103 shares during the period. Institutional investors own 59.71% of the company’s stock.
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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), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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