QCR (NASDAQ:QCRH) Sets New 1-Year High – Here’s Why

QCR Holdings, Inc. (NASDAQ:QCRH) shares hit a new 52-week high on Friday . The stock traded as high as $97.57 and last traded at $97.37, with a volume of 10014 shares trading hands. The stock had previously closed at $96.62.

Analyst Ratings Changes

A number of research analysts have weighed in on QCRH shares. Piper Sandler reduced their price target 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 issued a $99.00 price objective on shares of QCR in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.00.

QCR Stock Performance

The firm has a market capitalization of $1.60 billion, a PE ratio of 12.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The company’s fifty day moving average price is $92.01 and its two-hundred day moving average price is $88.77.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.54%. The business had revenue of $89.52 million for the quarter, compared to analysts’ expectations of $105.42 million. As a group, equities analysts expect that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, June 18th. QCR’s dividend payout ratio (DPR) is 5.01%.

Insider Buying and Selling at QCR

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

Institutional Investors Weigh In On QCR

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCRH. Assetmark Inc. purchased a new position in shares of QCR in the 4th quarter worth about $37,000. Farther Finance Advisors LLC increased its position in QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after purchasing an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in QCR during the 4th quarter worth approximately $61,000. Blue Trust Inc. purchased a new position in QCR in the first quarter valued at approximately $71,000. Finally, Quadrant Capital Group LLC purchased a new position in QCR in the third quarter valued at approximately $72,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

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.