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

QCR Holdings, Inc. (NASDAQ:QCRH) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $88.38 and last traded at $88.38, with a volume of 655 shares changing hands. The stock had previously closed at $80.78.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $82.00 price objective (up from $70.00) on shares of QCR in a research note on Monday, July 29th.

QCR Trading Up 11.8 %

The firm has a market capitalization of $1.52 billion, a PE ratio of 13.28 and a beta of 0.93. The business has a 50 day moving average price of $76.37 and a 200-day moving average price of $67.43. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. QCR had a return on equity of 13.16% and a net margin of 19.25%. The business had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period in the prior year, the business posted $1.51 EPS. Analysts expect that QCR Holdings, Inc. will post 6.73 earnings per share for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 13th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s payout ratio is currently 3.48%.

Insider Activity at QCR

In related news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at $64,069.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QCR

Large investors have recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in QCR during the 2nd quarter valued at $35,000. Lazard Asset Management LLC acquired a new stake in QCR during the 1st quarter valued at $43,000. New York State Teachers Retirement System acquired a new stake in QCR during the 3rd quarter valued at $111,000. SG Americas Securities LLC acquired a new stake in QCR during the 1st quarter valued at $116,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in QCR during the 1st quarter valued at $205,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.