QCR (NASDAQ:QCRH) Reaches New 52-Week High – Should You Buy?

QCR Holdings, Inc. (NASDAQ:QCRH)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $97.25 and last traded at $96.34, with a volume of 159708 shares traded. The stock had previously closed at $96.33.

Analysts Set New Price Targets

Several analysts recently issued reports on QCRH shares. Piper Sandler cut their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Raymond James Financial reiterated an “outperform” rating and issued a $99.00 price target 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

QCR Trading Down 0.7%

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. The stock’s 50-day moving average is $90.95 and its two-hundred day moving average is $88.03. The stock has a market cap of $1.58 billion, a P/E ratio of 11.99 and a beta of 0.76.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.54%. The firm had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. Equities research analysts anticipate that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Announces Dividend

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

Insider Buying and Selling at QCR

In related news, insider James D. Klein sold 310 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the sale, the insider owned 428 shares in the company, valued at approximately $38,948. This represents a 42.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of the stock in a transaction on 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 owned 6,093 shares in the company, valued at $578,591.28. The trade was a 10.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On QCR

Several institutional investors have recently made changes to their positions in the company. Kennedy Capital Management LLC lifted its holdings in shares of QCR by 9.7% in the 4th quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock worth $63,480,000 after acquiring an additional 67,517 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of QCR by 715.4% in the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after acquiring an additional 351,145 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after acquiring an additional 162,482 shares during the last quarter. Endeavour Capital Advisors Inc. lifted its holdings in shares of QCR by 23.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock worth $27,364,000 after acquiring an additional 62,032 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of QCR by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock worth $18,438,000 after acquiring an additional 1,118 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

QCR Company Profile

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.