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

QCR Holdings, Inc. (NASDAQ:QCRH)’s stock price fell 4.4% during trading on Tuesday . The company traded as low as $85.00 and last traded at $85.00. 3,019 shares changed hands during trading, a decline of 95% from the average session volume of 62,276 shares. The stock had previously closed at $88.91.

Analyst Upgrades and Downgrades

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

QCR Stock Up 0.0 %

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

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.29. The business had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same quarter last year, the firm earned $1.51 earnings per share. As a group, sell-side analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current year.

Insider Buying and Selling

In other QCR news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at $64,069.26. This trade represents a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in QCR in the second quarter valued at about $35,000. Lazard Asset Management LLC purchased a new stake in shares of QCR during the first quarter worth about $43,000. Point72 Asset Management L.P. purchased a new stake in shares of QCR during the third quarter worth about $54,000. Quest Partners LLC purchased a new stake in shares of QCR during the third quarter worth about $62,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of QCR during the third quarter worth about $65,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

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.