QCR (NASDAQ:QCRH - Free Report) had its price objective cut by Raymond James from $95.00 to $82.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the bank's stock.
QCR Price Performance
QCRH traded down $0.26 during trading on Wednesday, reaching $64.34. 43,118 shares of the company were exchanged, compared to its average volume of 83,984. QCR has a 12-month low of $54.37 and a 12-month high of $96.08. The company's 50-day moving average is $74.62 and its two-hundred day moving average is $79.68. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.60 and a beta of 0.81.
QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Research analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.
QCR Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's payout ratio is 3.58%.
Insider Activity at QCR
In other QCR news, insider James D. Klein sold 630 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the sale, the insider now owns 428 shares in the company, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nicole A. Lee purchased 1,094 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average cost of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now owns 1,881 shares of the company's stock, valued at approximately $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On QCR
Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of QCR by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 136,698 shares of the bank's stock worth $10,120,000 after acquiring an additional 2,328 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of QCR by 408.6% in the 3rd quarter. Quantbot Technologies LP now owns 2,238 shares of the bank's stock valued at $166,000 after acquiring an additional 1,798 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of QCR by 30.1% in the third quarter. BNP Paribas Financial Markets now owns 4,372 shares of the bank's stock valued at $324,000 after acquiring an additional 1,012 shares during the period. Centiva Capital LP purchased a new stake in shares of QCR during the third quarter worth about $441,000. Finally, Point72 Asset Management L.P. purchased a new position in QCR during the 3rd quarter valued at about $54,000. 70.01% of the stock is owned by hedge funds and other institutional investors.
About QCR
(
Get Free Report)
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.
Further Reading
Before you consider QCR, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QCR wasn't on the list.
While QCR currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
