QCR Holdings, Inc. (NASDAQ:QCRH) EVP Cathie Whiteside sold 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $46.23, for a total value of $231,150.00. Following the completion of the sale, the executive vice president now directly owns 17,255 shares of the company’s stock, valued at approximately $797,698.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cathie Whiteside also recently made the following trade(s):
- On Tuesday, August 1st, Cathie Whiteside sold 2,675 shares of QCR Holdings stock. The shares were sold at an average price of $45.95, for a total value of $122,916.25.
QCR Holdings, Inc. (QCRH) traded up 0.23% during trading on Friday, hitting $43.65. The stock had a trading volume of 30,081 shares. QCR Holdings, Inc. has a 12-month low of $28.70 and a 12-month high of $50.00. The stock has a 50 day moving average price of $46.42 and a 200 day moving average price of $44.76. The company has a market capitalization of $575.35 million, a price-to-earnings ratio of 17.96 and a beta of 0.61.
QCR Holdings (NASDAQ:QCRH) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.01. QCR Holdings had a net margin of 21.11% and a return on equity of 11.17%. The business had revenue of $34.83 million for the quarter, compared to analysts’ expectations of $36.49 million. Equities research analysts forecast that QCR Holdings, Inc. will post $2.72 earnings per share for the current year.
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QCRH has been the subject of a number of research reports. Maxim Group reissued a “buy” rating and set a $53.00 price objective on shares of QCR Holdings in a research report on Thursday, June 15th. ValuEngine upgraded QCR Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 target price on shares of QCR Holdings in a report on Friday, April 21st. Finally, BidaskClub lowered QCR Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $43.75.
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Quadrant L P CA acquired a new position in shares of QCR Holdings during the second quarter worth about $468,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of QCR Holdings during the second quarter worth about $723,000. Bowling Portfolio Management LLC purchased a new position in shares of QCR Holdings during the second quarter valued at about $746,000. Bessemer Group Inc. boosted its position in shares of QCR Holdings by 0.4% in the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after buying an additional 100 shares during the period. Finally, Busey Trust CO purchased a new position in shares of QCR Holdings during the second quarter valued at about $213,000. 61.66% of the stock is owned by institutional investors.
About QCR Holdings
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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