In a recent transaction reported on April 18, Marie Ziegler, a director at QCR Holdings Inc (NASDAQ:QCRH), acquired shares in the company valued at approximately $6,500. This purchase was made at a price of $55.54 per share, according to the filing with the Securities and Exchange Commission.
The transaction, which involved the purchase of 118 shares, was executed under a pre-arranged trading plan known as Rule 10b5-1, established by Ziegler on November 3, 2022. This plan allows corporate insiders to set up a trading schedule for buying or selling stocks at a time when they are not in possession of non-public information, thereby avoiding potential accusations of insider trading.
Following this acquisition, Ziegler's direct holdings in QCR Holdings have increased to a total of 30,793 shares. Additionally, the filing disclosed indirect ownership of 200 shares by Ziegler's spouse and 19,471 shares held by a trust.
QCR Holdings Inc, headquartered in Moline, Illinois, operates as a state commercial bank and is incorporated in Delaware. The company's stock is traded on the NASDAQ under the ticker symbol QCRH. The latest move by a key insider often provides investors with relevant cues about the company's prospects and the confidence insiders have in the firm's future performance.
InvestingPro Insights
Marie Ziegler's recent share purchase in QCR Holdings Inc (NASDAQ:QCRH) may signal confidence in the company's trajectory. Supporting this notion, InvestingPro Tips indicate that analysts have revised their earnings upwards for the upcoming period, and the company is trading at a low P/E ratio relative to near-term earnings growth. Furthermore, QCR Holdings is recognized for its strong free cash flow yield, which could be a positive sign for investors looking for value.
From a data standpoint, QCR Holdings currently boasts a market capitalization of $926.67M and maintains an attractive P/E ratio of 8.14 as of the last twelve months ending Q4 2023. The company has also demonstrated solid revenue growth of 13.69% in the most recent quarter of Q4 2023. Despite concerns about weak gross profit margins, the company's operating income margin stands strong at 40.6%, reinforcing its operational efficiency.
For investors intrigued by these insights, there are additional InvestingPro Tips available that delve deeper into QCR Holdings' financial health and market position. By using the coupon code PRONEWS24, readers can gain an extra 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. With this subscription, investors can access a wealth of data, including the company's dividend history, with QCR Holdings having maintained dividend payments for 23 consecutive years, and analyst predictions of profitability for the current year.
As of today, there are 7 additional tips listed on InvestingPro for QCR Holdings, which could provide further guidance to investors considering this stock. The next earnings date is set for April 23, 2024, which could be a pivotal moment for the company and its shareholders.
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