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

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

Analyst Ratings Changes

QCRH has been the subject of a number of recent analyst reports. Raymond James Financial restated an “outperform” rating and set a $99.00 price target on shares of QCR in a report on Monday, April 27th. Piper Sandler reduced their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.00.

QCR Trading Up 0.8%

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 company’s 50 day moving average is $91.26 and its two-hundred day moving average is $88.22. The firm has a market cap of $1.58 billion, a P/E ratio of 11.96 and a beta of 0.76.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $105.42 million. On average, sell-side analysts predict that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Dividend Announcement

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

Insider Activity

In related news, CEO Laura L. Ekizian sold 750 shares of the 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 completion of the transaction, the chief executive officer owned 6,093 shares of the company’s stock, valued at $578,591.28. This represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James D. Klein sold 310 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the transaction, the insider directly owned 428 shares of the company’s stock, valued at $38,948. This trade represents a 42.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in QCR by 2.4% in 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 raised its position in QCR by 34.6% in the fourth 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. Legal & General Group Plc increased its holdings in shares of QCR by 1.0% during the second quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after buying an additional 165 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of QCR by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after buying an additional 185 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of QCR by 3.8% during the fourth quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock worth $434,000 after buying 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.