QCR (NASDAQ:QCRH) Shares Cross Above 200 Day Moving Average – Here’s What Happened

QCR Holdings, Inc. (NASDAQ:QCRH)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $81.42 and traded as high as $88.90. QCR shares last traded at $86.50, with a volume of 150,377 shares trading hands.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several recent analyst reports. Zacks Research cut QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. DA Davidson upped their price objective on QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $103.00 price objective on shares of QCR in a research note on Friday, January 30th. Keefe, Bruyette & Woods boosted their target price on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings raised shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.25.

QCR Trading Down 3.6%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 11.52 and a beta of 0.82. The business has a fifty day simple moving average of $88.07 and a 200-day simple moving average of $81.42.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to analysts’ expectations of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. As a group, equities analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 19th. This is an increase from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. QCR’s payout ratio is 3.20%.

Insider Buying and Selling at QCR

In related news, CFO Todd A. Gipple sold 8,590 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $89.92, for a total value of $772,412.80. Following the sale, the chief financial officer owned 44,902 shares of the company’s stock, valued at $4,037,587.84. The trade was a 16.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in shares of QCR in the fourth quarter valued at about $37,000. Farther Finance Advisors LLC boosted its holdings in QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after acquiring an additional 148 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in QCR during the 3rd quarter valued at approximately $51,000. Kemnay Advisory Services Inc. bought a new position in QCR during the 4th quarter worth approximately $61,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of QCR in the 3rd quarter worth approximately $72,000. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.