QCR (NASDAQ:QCRH) Reaches New 12-Month High – Should You Buy?

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price hit a new 52-week high on Tuesday . The company traded as high as $92.87 and last traded at $92.35, with a volume of 90074 shares traded. The stock had previously closed at $90.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of QCR in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their price objective on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Raymond James Financial restated an “outperform” rating and issued a $103.00 price objective on shares of QCR in a research report on Friday. Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Piper Sandler reissued an “overweight” rating and issued a $108.00 price target (up previously from $105.00) on shares of QCR in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.25.

QCR Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $85.58 and a two-hundred day moving average price of $78.98. The firm has a market cap of $1.56 billion, a PE ratio of 12.30 and a beta of 0.82.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping the consensus estimate of $1.96 by $0.25. The firm had revenue of $107.02 million during the quarter, compared to analysts’ expectations of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. Research analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. QCR’s dividend payout ratio (DPR) is currently 3.20%.

Insiders Place Their Bets

In related news, CFO Todd A. Gipple sold 8,590 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the sale, the chief financial officer owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. This represents a 16.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Kennedy Capital Management LLC grew its position in shares of QCR by 108.2% in the third quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock valued at $52,536,000 after purchasing an additional 360,884 shares in the last quarter. Geode Capital Management LLC boosted its stake in QCR by 2.6% during the second quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock worth $29,549,000 after buying an additional 11,033 shares during the last quarter. Victory Capital Management Inc. grew its holdings in QCR by 715.4% in the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock valued at $30,273,000 after buying an additional 351,145 shares in the last quarter. Schroder Investment Management Group increased its stake 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. Finally, Endeavour Capital Advisors Inc. raised its holdings in shares of QCR by 20.5% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock worth $20,155,000 after acquiring an additional 45,389 shares during the period. 70.01% of the stock is owned by hedge funds and other 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.