QCR (NASDAQ:QCRH) Stock Price Passes Above 200-Day Moving Average - Here's Why

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $65.95 and traded as high as $80.29. QCR shares last traded at $78.16, with a volume of 84,995 shares changing hands.

Wall Street Analysts Forecast Growth

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

QCR Stock Performance

The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1.32 billion, a PE ratio of 11.72 and a beta of 0.94. The business's 50-day moving average price is $75.48 and its 200-day moving average price is $66.09.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.29. QCR had a net margin of 19.37% and a return on equity of 12.90%. The business had revenue of $152.58 million for the quarter, compared to analyst estimates of $84.00 million. During the same period in the previous year, the company earned $1.51 earnings per share. As a group, equities research analysts expect that QCR Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 13th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, September 13th. QCR's dividend payout ratio is currently 3.58%.

Institutional Investors Weigh In On QCR

Several institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of QCR in the 2nd quarter valued at approximately $35,000. Lazard Asset Management LLC purchased a new position in shares of QCR in the first quarter worth $43,000. New York State Teachers Retirement System acquired a new stake in shares of QCR during the third quarter worth $111,000. SG Americas Securities LLC purchased a new stake in shares of QCR during the first quarter valued at $116,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of QCR in the 1st quarter valued at $205,000. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Company Profile

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.