Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered QCR from a buy rating to a hold rating in a research report on Wednesday, August 21st. ValuEngine raised QCR from a strong sell rating to a sell rating in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. QCR currently has a consensus rating of Hold and a consensus price target of $41.75.
Shares of QCRH traded up $0.36 during trading hours on Thursday, hitting $39.12. The company had a trading volume of 3,228 shares, compared to its average volume of 34,039. The firm has a fifty day moving average price of $36.33 and a 200-day moving average price of $34.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $594.58 million, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.07 and a beta of 0.80. QCR has a 52-week low of $30.15 and a 52-week high of $43.70.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 20th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, September 19th. QCR’s dividend payout ratio is presently 7.79%.
In other news, insider Robert C. Fulp sold 1,500 shares of QCR stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $39.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 28,009 shares of the company’s stock, valued at approximately $1,092,351. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.20% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. Castine Capital Management LLC grew its stake in shares of QCR by 1.7% during the 1st quarter. Castine Capital Management LLC now owns 335,646 shares of the bank’s stock valued at $11,385,000 after purchasing an additional 5,686 shares during the period. Swiss National Bank grew its stake in shares of QCR by 2.6% during the 2nd quarter. Swiss National Bank now owns 27,839 shares of the bank’s stock valued at $971,000 after acquiring an additional 700 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of QCR by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock valued at $17,528,000 after acquiring an additional 35,714 shares during the period. Seacliff Capital LLC bought a new position in shares of QCR during the 1st quarter valued at approximately $170,000. Finally, Martingale Asset Management L P grew its stake in shares of QCR by 53.3% during the 1st quarter. Martingale Asset Management L P now owns 36,808 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 12,800 shares during the period. 60.12% of the stock is owned by institutional investors and hedge funds.
QCR Company Profile
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
Further Reading: What is the return on assets (ROA) ratio?
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