QCR (NASDAQ:QCRH) Hits New 1-Year High – Time to Buy?

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $100.00 and last traded at $99.9670, with a volume of 37490 shares changing hands. The stock had previously closed at $97.19.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QCRH shares. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Finally, Piper Sandler decreased 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Trading Up 2.8%

The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $93.69 and a 200-day simple moving average of $89.83. The company has a market cap of $1.65 billion, a PE ratio of 12.52 and a beta of 0.75.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, topping the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The business had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. On average, analysts predict that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

QCR Dividend Announcement

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

Insider Transactions at QCR

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

Hedge Funds Weigh In On QCR

Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in QCR by 2.4% during the first quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock worth $427,000 after purchasing an additional 116 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after buying an additional 148 shares in the last quarter. Legal & General Group Plc grew its position in shares of QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after buying an additional 165 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of QCR by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock valued at $2,365,000 after buying an additional 185 shares during the last quarter. Finally, LPL Financial LLC raised its stake in QCR by 3.8% during the 4th quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock worth $434,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds 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.