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

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $93.11 and last traded at $93.11, with a volume of 2288 shares trading hands. The stock had previously closed at $91.84.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reiterated 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 Up 0.3 %

The firm has a fifty day moving average price of $77.41 and a 200 day moving average price of $68.33. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.55 billion, a P/E ratio of 13.37 and a beta of 0.93.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $84.00 million. During the same quarter last year, the business earned $1.51 earnings per share. Equities research analysts forecast 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 issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. QCR's payout ratio is presently 3.48%.

Insider Buying and Selling at QCR

In other news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares in the company, valued at approximately $64,069.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company's stock.

Institutional Trading of QCR

Several hedge funds have recently added to or reduced their stakes in QCRH. BNP Paribas Financial Markets lifted its holdings in QCR by 90.0% during the 1st quarter. BNP Paribas Financial Markets now owns 8,154 shares of the bank's stock worth $495,000 after purchasing an additional 3,862 shares during the last quarter. SG Americas Securities LLC acquired a new position in QCR in the 1st quarter valued at $116,000. Susquehanna Fundamental Investments LLC acquired a new position in QCR in the 1st quarter valued at $205,000. Lazard Asset Management LLC acquired a new position in shares of QCR during the 1st quarter worth $43,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of QCR by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank's stock worth $287,000 after buying an additional 539 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

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.

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