QCR Holdings, Inc. (QCRH) CFO Buys $86,663.20 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH) CFO Todd A. Gipple acquired 2,564 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were acquired at an average cost of $33.80 per share, for a total transaction of $86,663.20. Following the purchase, the chief financial officer now directly owns 42,395 shares in the company, valued at approximately $1,432,951. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

QCRH opened at $33.34 on Friday. QCR Holdings, Inc. has a 1 year low of $33.01 and a 1 year high of $49.60. The stock has a market capitalization of $522.57 million, a price-to-earnings ratio of 12.53, a PEG ratio of 1.10 and a beta of 0.50. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.01 and a current ratio of 1.01.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Monday, October 29th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.22). QCR had a net margin of 19.46% and a return on equity of 10.87%. The firm had revenue of $47.12 million during the quarter, compared to analyst estimates of $45.06 million. On average, analysts expect that QCR Holdings, Inc. will post 3.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, December 20th. QCR’s dividend payout ratio is 9.02%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc raised its stake in shares of QCR by 4.1% in the 3rd quarter. Vanguard Group Inc now owns 603,887 shares of the bank’s stock valued at $24,670,000 after purchasing an additional 23,735 shares during the period. Vanguard Group Inc. raised its stake in shares of QCR by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 603,887 shares of the bank’s stock valued at $24,670,000 after purchasing an additional 23,735 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in shares of QCR in the 3rd quarter valued at about $306,000. Maltese Capital Management LLC raised its stake in shares of QCR by 58.9% in the 3rd quarter. Maltese Capital Management LLC now owns 345,200 shares of the bank’s stock valued at $14,101,000 after purchasing an additional 128,000 shares during the period. Finally, IndexIQ Advisors LLC raised its stake in shares of QCR by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 50,685 shares of the bank’s stock valued at $2,070,000 after purchasing an additional 1,914 shares during the period. 58.97% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on QCRH. ValuEngine raised QCR from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. Piper Jaffray Companies set a $45.00 price objective on QCR and gave the stock a “buy” rating in a research note on Thursday, November 1st. Finally, Raymond James dropped their price objective on QCR from $49.00 to $44.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. QCR has a consensus rating of “Buy” and an average price target of $50.83.

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About QCR

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: How To Calculate Debt-to-Equity Ratio

Insider Buying and Selling by Quarter for QCR (NASDAQ:QCRH)

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