Free Trial

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

QCR logo with Finance background

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $82.06 and last traded at $81.84, with a volume of 40092 shares changing hands. The stock had previously closed at $78.66.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $82.00 target price (up previously from $70.00) on shares of QCR in a research report on Monday, July 29th.

Check Out Our Latest Report on QCR

QCR Trading Up 3.6 %

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a 50-day moving average of $75.48 and a 200-day moving average of $66.22. The firm has a market capitalization of $1.37 billion, a P/E ratio of 11.84 and a beta of 0.94.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping the consensus estimate of $1.49 by $0.29. The company had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 13.16%. During the same period in the previous year, the firm earned $1.51 earnings per share. On average, equities research analysts anticipate that QCR Holdings, Inc. will post 6.34 EPS for the current fiscal year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.29%. QCR's dividend payout ratio is currently 3.48%.

Institutional Investors Weigh In On QCR

A number of large investors have recently made changes to their positions in the business. American Century Companies Inc. increased its position in shares of QCR by 20.1% during the second quarter. American Century Companies Inc. now owns 307,197 shares of the bank's stock valued at $18,432,000 after buying an additional 51,471 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of QCR by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank's stock worth $62,787,000 after acquiring an additional 13,567 shares during the period. Inspire Investing LLC bought a new position in QCR in the third quarter worth $818,000. Denali Advisors LLC lifted its position in QCR by 111.4% during the first quarter. Denali Advisors LLC now owns 18,600 shares of the bank's stock valued at $1,130,000 after buying an additional 9,800 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of QCR by 131.3% during the 1st quarter. Janus Henderson Group PLC now owns 16,301 shares of the bank's stock valued at $989,000 after buying an additional 9,253 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

QCR Company Profile

(Get Free Report)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ $5k to $1.3m in just 3 trades (From Insiders Exposed) (Ad)

Should you invest $1,000 in QCR right now?

Before you consider QCR, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QCR wasn't on the list.

While QCR currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Post-Election Chaos or Opportunity? Prepare Your Investments
Strong Markets Meet Rising Volatility—Are Your Investments Safe?
Analysts Bullish on AI-Powered Healthcare: Intuitive Surgical’s 30% Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines