QCR (NASDAQ:QCRH) Hits New 1-Year High – Still a Buy?

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) hit a new 52-week high during trading on Friday . The company traded as high as $100.35 and last traded at $99.9970, with a volume of 17865 shares. The stock had previously closed at $97.43.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Piper Sandler dropped their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $99.00 target price on shares of QCR in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $101.00.

QCR Trading Up 2.8%

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 market cap of $1.65 billion, a PE ratio of 11.84 and a beta of 0.75. The stock has a 50 day moving average price of $94.66 and a 200 day moving average price of $90.44.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.28. The business had revenue of $97.34 million during the quarter, compared to the consensus estimate of $104.10 million. QCR had a return on equity of 13.00% and a net margin of 22.86%. Sell-side analysts predict that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Thursday, June 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 18th. QCR’s dividend payout ratio (DPR) is presently 5.01%.

Insider Transactions at QCR

In related news, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James D. Klein sold 310 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the sale, the insider directly owned 428 shares in the company, valued at $38,948. The trade was a 42.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On QCR

Institutional investors have recently modified their holdings of the stock. Assetmark Inc. purchased a new position in shares of QCR in the 4th quarter worth about $37,000. Farther Finance Advisors LLC grew its position in QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after purchasing an additional 148 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in QCR during the 4th quarter valued at about $61,000. Blue Trust Inc. purchased a new position in QCR in the first quarter worth about $71,000. Finally, Quadrant Capital Group LLC purchased a new position in QCR in the third quarter worth about $72,000. 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.