QCR (NASDAQ:QCRH) Hits New 52-Week High – Should You Buy?

QCR Holdings, Inc. (NASDAQ:QCRH) shares reached a new 52-week high on Tuesday . The stock traded as high as $96.00 and last traded at $96.23, with a volume of 25433 shares traded. The stock had previously closed at $93.97.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QCRH. Raymond James Financial restated an “outperform” rating and set a $99.00 price target on shares of QCR in a research report on Monday, April 27th. Piper Sandler cut their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, QCR has an average rating of “Moderate Buy” and an average target price of $101.00.

QCR Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The company has a market cap of $1.57 billion, a PE ratio of 11.88 and a beta of 0.76. The company’s 50-day simple moving average is $90.08 and its 200 day simple moving average is $87.51.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.54%. The company had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. On average, sell-side analysts predict that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 18th. QCR’s payout ratio is 5.01%.

Insider Activity

In other news, insider James D. Klein sold 310 shares of QCR stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the sale, the insider directly owned 428 shares of the company’s stock, valued at approximately $38,948. The trade was a 42.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On QCR

Several institutional investors have recently modified their holdings of QCRH. Kennedy Capital Management LLC lifted its position in shares of QCR by 108.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock worth $52,536,000 after purchasing an additional 360,884 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of QCR by 715.4% during the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after purchasing an additional 351,145 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of QCR by 86.2% during the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after purchasing an additional 162,482 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of QCR during the 3rd quarter worth $9,825,000. Finally, Rhino Investment Partners Inc lifted its position in shares of QCR by 122.1% during the 1st quarter. Rhino Investment Partners Inc now owns 133,324 shares of the bank’s stock worth $11,393,000 after purchasing an additional 73,308 shares during the last quarter. 70.01% of the stock is owned by hedge funds and other institutional investors.

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.