Insider Selling: QCR Holdings, Inc. (QCRH) Director Sells $34,584.00 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH) Director Patrick Baird sold 800 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $43.23, for a total transaction of $34,584.00. Following the transaction, the director now directly owns 52,722 shares of the company’s stock, valued at $2,279,172.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

QCR Holdings, Inc. (QCRH) traded up $0.05 during mid-day trading on Monday, reaching $43.45. 158,200 shares of the company were exchanged, compared to its average volume of 41,052. QCR Holdings, Inc. has a 12 month low of $39.85 and a 12 month high of $50.00. The company has a market capitalization of $603.48, a P/E ratio of 16.71, a P/E/G ratio of 1.65 and a beta of 0.54. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Thursday, December 14th. QCR’s payout ratio is currently 7.84%.

A number of equities analysts recently issued reports on QCRH shares. ValuEngine downgraded shares of QCR from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Piper Jaffray Companies set a $55.00 price target on shares of QCR and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Maxim Group decreased their price target on shares of QCR from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $52.67.

Institutional investors and hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. purchased a new stake in QCR in the third quarter worth about $132,000. Citigroup Inc. grew its holdings in QCR by 142.1% in the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock worth $152,000 after purchasing an additional 1,883 shares during the period. Citadel Advisors LLC purchased a new stake in QCR in the second quarter worth about $200,000. Voya Investment Management LLC purchased a new stake in QCR in the second quarter worth about $224,000. Finally, SG Americas Securities LLC purchased a new stake in QCR in the third quarter worth about $231,000. Institutional investors and hedge funds own 59.71% of the company’s stock.

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About QCR

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), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.

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

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