QCR (NASDAQ:QCRH) Hits New 1-Year High – Time to Buy?

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price hit a new 52-week high on Thursday . The stock traded as high as $104.29 and last traded at $102.94, with a volume of 124274 shares. The stock had previously closed at $103.28.

Analyst Ratings Changes

QCRH has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Raymond James Financial reissued an “outperform” rating and issued a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Keefe, Bruyette & Woods lifted their price objective on QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. DA Davidson upped their target price on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a report on Monday. Finally, Piper Sandler restated an “overweight” rating and set a $123.00 price target (up from $107.00) on shares of QCR in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, QCR presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.75.

QCR Stock Performance

The stock has a market capitalization of $1.70 billion, a P/E ratio of 12.17 and a beta of 0.75. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $95.67 and a two-hundred day moving average price of $90.95.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, beating the consensus estimate of $1.91 by $0.28. QCR had a return on equity of 13.00% and a net margin of 22.86%.The company had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. On average, equities analysts forecast that QCR Holdings, Inc. will post 8.5 earnings per share for the current year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s payout ratio is 4.73%.

Insider Activity

In other news, CEO Laura L. Ekizian sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the completion of the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at $578,591.28. This trade represents a 10.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in QCR in the fourth quarter worth $37,000. Farther Finance Advisors LLC increased its stake 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 purchasing an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of QCR during the fourth quarter valued at about $61,000. Blue Trust Inc. acquired a new position in shares of QCR during the first quarter valued at about $71,000. Finally, Quadrant Capital Group LLC bought a new position in shares of QCR during the 3rd quarter worth about $72,000. 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.