QCR (NASDAQ:QCRH) Share Price Passes Above 200 Day Moving Average – Time to Sell?

QCR Holdings, Inc. (NASDAQ:QCRH) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $85.12 and traded as high as $93.70. QCR shares last traded at $91.46, with a volume of 121,365 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on QCRH. Piper Sandler reduced their price target on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Raymond James Financial reissued an “outperform” rating and set a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Keefe, Bruyette & Woods increased their price target on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, DA Davidson increased their price target on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, QCR currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

QCR Stock Performance

The business has a 50 day moving average of $87.31 and a 200 day moving average of $85.12. The company has a market capitalization of $1.52 billion, a P/E ratio of 11.41 and a beta of 0.77. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.57.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.21. The business had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. QCR had a return on equity of 12.65% and a net margin of 21.98%. On average, sell-side analysts predict that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, March 19th. This is a positive change from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio is 5.01%.

Insider Activity

In other news, insider James D. Klein sold 310 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total value of $28,210.00. Following the completion of the sale, the insider directly owned 428 shares of the company’s stock, valued at $38,948. This trade represents a 42.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On QCR

Several institutional investors have recently modified their holdings of QCRH. Assetmark Inc. bought a new stake in shares of QCR during the 4th quarter worth approximately $37,000. Farther Finance Advisors LLC lifted its stake in shares of QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after acquiring an additional 148 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of QCR during the 3rd quarter worth approximately $51,000. Kemnay Advisory Services Inc. bought a new stake in shares of QCR during the 4th quarter worth approximately $61,000. Finally, Blue Trust Inc. bought a new stake in shares of QCR during the 1st quarter worth approximately $71,000. 70.01% of the stock is owned by institutional investors.

About QCR

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.