QCR (NASDAQ:QCRH) Hits New 12-Month High – Time to Buy?

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price hit a new 52-week high on Tuesday . The company traded as high as $96.00 and last traded at $96.23, with a volume of 25433 shares trading hands. The stock had previously closed at $93.97.

Wall Street Analyst Weigh In

QCRH has been the topic of a number of research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $99.00 target price on shares of QCR in a research report on Monday, April 27th. Piper Sandler cut their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research report 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. Based on data from MarketBeat.com, QCR presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Price Performance

The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 11.96 and a beta of 0.76. The business’s 50-day simple moving average is $90.53 and its two-hundred day simple moving average is $87.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89.

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

QCR Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Klein sold 310 shares of QCR 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 transaction, the insider owned 428 shares in the company, valued at approximately $38,948. This trade represents a 42.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On QCR

Hedge funds have recently modified their holdings of the business. Assetmark Inc. acquired a new position in shares of QCR during the fourth quarter worth $37,000. Farther Finance Advisors LLC lifted its holdings in shares of QCR by 34.6% during 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 during the period. Kemnay Advisory Services Inc. acquired a new position in QCR in the fourth quarter valued at $61,000. Blue Trust Inc. acquired a new position in QCR in the first quarter valued at $71,000. Finally, Quadrant Capital Group LLC acquired a new position in QCR in the third quarter valued at $72,000. 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.