QCR (NASDAQ:QCRH) Reaches New 12-Month High at $68.88

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $68.88 and last traded at $68.50, with a volume of 10379 shares. The stock had previously closed at $68.68.

QCR Stock Up 0.7 %

The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.24 and a beta of 0.96. The business has a 50-day moving average price of $58.19 and a 200-day moving average price of $57.55.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.27. QCR had a net margin of 19.92% and a return on equity of 13.23%. The firm had revenue of $141.91 million during the quarter, compared to analysts’ expectations of $82.83 million. During the same period last year, the business earned $1.65 earnings per share. Equities research analysts forecast that QCR Holdings, Inc. will post 5.78 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Friday, June 14th were issued a $0.06 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.24 annualized dividend and a yield of 0.35%. QCR’s dividend payout ratio (DPR) is currently 3.58%.

Institutional Investors Weigh In On QCR

A number of institutional investors have recently made changes to their positions in QCRH. Dimensional Fund Advisors LP boosted its position in shares of QCR by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock worth $59,907,000 after buying an additional 24,251 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of QCR in the fourth quarter valued at $1,734,000. Denali Advisors LLC raised its stake in shares of QCR by 111.4% in the first quarter. Denali Advisors LLC now owns 18,600 shares of the bank’s stock valued at $1,130,000 after acquiring an additional 9,800 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of QCR by 25.0% in the fourth quarter. New York State Common Retirement Fund now owns 9,042 shares of the bank’s stock valued at $528,000 after acquiring an additional 1,807 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new stake in shares of QCR in the fourth quarter valued at $33,000. 70.01% of the stock is currently 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.