QCR (NASDAQ:QCRH) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

QCR Holdings, Inc. (NASDAQ:QCRH) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $91.85 and traded as high as $104.38. QCR shares last traded at $103.87, with a volume of 67,742 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QCRH. DA Davidson raised their price objective on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Keefe, Bruyette & Woods lifted their price target on shares of QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $99.00 target price on shares of QCR in a report on Monday, April 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $123.00 price target (up from $107.00) on shares of QCR in a research report on Monday, July 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.75.

QCR Stock Performance

The firm’s fifty day moving average price is $97.45 and its 200-day moving average price is $91.85. The company has a market cap of $1.71 billion, a P/E ratio of 12.28 and a beta of 0.74. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 13.00%. The business had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. As a group, research analysts forecast that QCR Holdings, Inc. will post 8.5 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th were given a $0.10 dividend. The ex-dividend date 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 currently 4.73%.

Insider Buying and Selling at QCR

In other news, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction that occurred on 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 approximately $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of QCR in the 4th quarter valued at $37,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 acquiring an additional 148 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of QCR during the 4th quarter valued at about $61,000. Blue Trust Inc. acquired a new stake in shares of QCR during the 1st quarter valued at about $71,000. Finally, Quadrant Capital Group LLC bought a new stake in QCR in the third quarter valued at about $72,000. 70.01% of the stock is 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.