QCR (NASDAQ:QCRH) Hits New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and set a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Piper Sandler cut their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Trading Up 0.9%

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 business’s 50 day moving average price is $90.08 and its 200-day moving average price is $87.51. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.88 and a beta of 0.76.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $105.42 million. Equities analysts forecast that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be paid 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%.

Insider Activity

In other QCR news, insider James D. Klein sold 554 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $82.50, for a total transaction of $45,705.00. Following the transaction, the insider directly owned 738 shares in the company, valued at approximately $60,885. This represents a 42.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of QCR

A number of hedge funds have recently bought and sold shares of QCRH. Endeavour Capital Advisors Inc. boosted its holdings in shares of QCR by 20.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock valued at $20,155,000 after purchasing an additional 45,389 shares during the last quarter. Boothbay Fund Management LLC boosted its holdings in shares of QCR by 144.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank’s stock valued at $5,921,000 after purchasing an additional 46,221 shares during the last quarter. Kestrel Investment Management Corp acquired a new position in shares of QCR in the 4th quarter valued at $4,636,000. Daytona Street Capital LLC acquired a new position in shares of QCR in the 4th quarter valued at $897,000. Finally, Schroder Investment Management Group boosted its holdings 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 valued at $26,663,000 after purchasing an additional 162,482 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

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.