QCR (NASDAQ:QCRH) Hits New 1-Year High – Still a Buy?

QCR Holdings, Inc. (NASDAQ:QCRH) hit a new 52-week high on Friday . The company traded as high as $100.35 and last traded at $99.9970, with a volume of 17865 shares traded. The stock had previously closed at $97.43.

Analyst Ratings Changes

Several analysts have commented on the company. Piper Sandler cut their target price on QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price objective on shares of QCR in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, QCR presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Trading Up 2.8%

The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.65 billion, a PE ratio of 11.84 and a beta of 0.75. The stock has a 50 day moving average price of $94.66 and a 200-day moving average price of $90.44.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.28. QCR had a return on equity of 13.00% and a net margin of 22.86%.The company had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. Sell-side analysts expect that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Thursday, June 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. QCR’s dividend payout ratio (DPR) is presently 5.01%.

Insider Activity at QCR

In other news, insider James D. Klein sold 310 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the sale, the insider owned 428 shares of the company’s stock, valued at $38,948. The trade was a 42.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the sale, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at $578,591.28. This represents a 10.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QCRH. Kestrel Investment Management Corp bought a new stake in shares of QCR in the 4th quarter worth about $4,636,000. Daytona Street Capital LLC bought a new position in QCR during the 4th quarter valued at about $897,000. Hsbc Holdings PLC purchased a new stake in QCR in the 4th quarter worth about $1,245,000. Jackson Creek Investment Advisors LLC raised its position in QCR by 40.9% in the 4th quarter. Jackson Creek Investment Advisors LLC now owns 22,864 shares of the bank’s stock worth $1,905,000 after purchasing an additional 6,633 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in QCR by 9.7% in the fourth quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock worth $63,480,000 after purchasing an additional 67,517 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.