QCR (NASDAQ:QCRH) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

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 $81.42 and traded as high as $88.90. QCR shares last traded at $86.50, with a volume of 150,377 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson upped their price target on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Piper Sandler reissued an “overweight” rating and issued a $108.00 price objective (up from $105.00) on shares of QCR in a research note on Friday, January 30th. Zacks Research cut QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.25.

QCR Stock Down 3.6%

The firm has a market capitalization of $1.46 billion, a PE ratio of 11.52 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $88.07 and a 200 day simple moving average of $81.42.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. The firm had revenue of $107.02 million for the quarter, compared to analysts’ expectations of $106.87 million. QCR had a net margin of 21.07% and a return on equity of 12.30%. As a group, sell-side analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio is currently 3.20%.

Insider Buying and Selling at QCR

In other news, CFO Todd A. Gipple sold 8,590 shares of QCR stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $89.92, for a total value of $772,412.80. Following the sale, the chief financial officer directly owned 44,902 shares in the company, valued at approximately $4,037,587.84. This trade represents a 16.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QCRH. Fuller & Thaler Asset Management Inc. increased its position in QCR by 52.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 99,727 shares of the bank’s stock valued at $8,307,000 after purchasing an additional 34,132 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of QCR during the 4th quarter valued at about $202,000. Susquehanna Fundamental Investments LLC increased its position in shares of QCR by 46.7% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 13,265 shares of the bank’s stock valued at $1,105,000 after buying an additional 4,225 shares during the period. Cetera Investment Advisers increased its position in shares of QCR by 2.6% during the fourth quarter. Cetera Investment Advisers now owns 4,883 shares of the bank’s stock valued at $407,000 after buying an additional 122 shares during the period. Finally, Lazard Asset Management LLC bought a new position in QCR in the fourth quarter worth about $1,539,000. Hedge funds and other institutional investors 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.