QCR Holdings president sells $46,242 in stock

James D. Klein, President of Cedar Rapids Bank & Trust, a subsidiary of QCR Holdings Inc. (NASDAQ:QCRH), recently sold 630 shares of the company’s common stock. The shares were sold at an average price of $73.40 each, amounting to a total transaction value of $46,242. Following this sale, Klein holds 428 shares directly.

In addition to his direct holdings, Klein retains 5,050 shares indirectly through a managed account. The transaction was filed with the Securities and Exchange Commission, providing transparency to investors about the executive’s stock dealings. InvestingPro analysis shows the company maintains a GOOD financial health score, with particularly strong performance over both five and ten-year periods. For deeper insights into insider trading patterns and comprehensive financial analysis, explore the detailed Pro Research Report available on InvestingPro.

In other recent news, QCR Holdings reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $1.93, exceeding the forecast of $1.67. However, the company’s revenue fell short, coming in at $91.83 million compared to the anticipated $96.57 million. Despite the revenue miss, QCR Holdings achieved a record full-year net income of $114 million, or $6.71 per diluted share, with adjusted net income reaching $119 million. Keefe, Bruyette & Woods maintained an Outperform rating for QCR Holdings, emphasizing confidence in the company’s leadership transition. CEO Larry Helling is set to retire in 2025, with President and CFO Todd Gipple slated to succeed him, while Nick Anderson will assume the role of CFO. Additionally, QCR Holdings declared a cash dividend of $0.06 per share, payable on April 3, 2025, reflecting its commitment to shareholder value. These recent developments indicate QCR Holdings’ strategic focus on growth and leadership continuity.

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