QCR (NASDAQ:QCRH) Stock Price Down 4.4% – Here’s Why

QCR Holdings, Inc. (NASDAQ:QCRH)’s stock price was down 4.4% during trading on Tuesday . The company traded as low as $85.00 and last traded at $85.00. Approximately 3,019 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 62,276 shares. The stock had previously closed at $88.91.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $82.00 price target (up from $70.00) on shares of QCR in a research note on Monday, July 29th.

QCR Stock Up 0.0 %

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 stock has a 50 day moving average of $79.35 and a 200 day moving average of $69.77. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.96 and a beta of 0.93.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The company had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period in the previous year, the firm posted $1.51 earnings per share. As a group, analysts expect that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

Insider Buying and Selling at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QCR

A number of hedge funds have recently made changes to their positions in QCRH. SG Americas Securities LLC bought a new stake in shares of QCR during the first quarter valued at approximately $116,000. Lazard Asset Management LLC bought a new stake in shares of QCR during the first quarter valued at approximately $43,000. Price T Rowe Associates Inc. MD raised its holdings in shares of QCR by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank’s stock valued at $287,000 after buying an additional 539 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of QCR by 131.3% during the first quarter. Janus Henderson Group PLC now owns 16,301 shares of the bank’s stock valued at $989,000 after buying an additional 9,253 shares during the last quarter. Finally, Comerica Bank raised its holdings in QCR by 3.4% during the first quarter. Comerica Bank now owns 28,266 shares of the bank’s stock worth $1,717,000 after purchasing an additional 938 shares in the last quarter. Institutional investors own 70.01% of the company’s stock.

QCR Company Profile

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.