QCR (NASDAQ:QCRH) Sees Unusually-High Trading Volume - Should You Buy?

Shares of QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 139,741 shares changed hands during trading, an increase of 113% from the previous session's volume of 65,642 shares.The stock last traded at $78.56 and had previously closed at $77.38.

QCR Stock Performance

The business has a 50 day moving average of $86.43 and a 200 day moving average of $77.70. The company has a market capitalization of $1.33 billion, a P/E ratio of 11.41 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The company had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. During the same period in the prior year, the company earned $1.51 earnings per share. On average, sell-side analysts predict that QCR Holdings, Inc. will post 6.73 earnings per share for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%. QCR's dividend payout ratio (DPR) is presently 3.48%.

Insider Buying and Selling at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the company's 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 sale, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On QCR

Several hedge funds and other institutional investors have recently modified their holdings of QCRH. Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 13,567 shares during the period. State Street Corp increased its holdings in QCR by 3.4% during the 3rd quarter. State Street Corp now owns 481,809 shares of the bank's stock worth $35,696,000 after purchasing an additional 16,006 shares during the period. JPMorgan Chase & Co. increased its holdings in QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank's stock worth $31,229,000 after purchasing an additional 41,043 shares during the period. Geode Capital Management LLC increased its holdings in QCR by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 401,193 shares of the bank's stock worth $29,706,000 after purchasing an additional 4,179 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in QCR by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank's stock worth $20,110,000 after purchasing an additional 8,800 shares during the period. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

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.