QCR (NASDAQ:QCRH) Hits New 12-Month High – Time to Buy?

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $88.38 and last traded at $88.38, with a volume of 655 shares trading hands. The stock had previously closed at $80.78.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $82.00 price objective (up previously from $70.00) on shares of QCR in a report on Monday, July 29th.

QCR Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The stock has a market cap of $1.52 billion, a PE ratio of 13.28 and a beta of 0.93. The company has a fifty day moving average of $76.37 and a 200-day moving average of $67.43.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping the consensus estimate of $1.49 by $0.29. QCR had a return on equity of 13.16% and a net margin of 19.25%. The firm had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same period in the previous year, the firm posted $1.51 EPS. Sell-side analysts expect that QCR Holdings, Inc. will post 6.73 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were given a dividend of $0.06 per share. The ex-dividend date was Friday, September 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. QCR’s dividend payout ratio is currently 3.48%.

Insider Transactions at QCR

In other news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at approximately $64,069.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

Large investors have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of QCR in the 2nd quarter valued at about $35,000. Lazard Asset Management LLC purchased a new stake in QCR during the 1st quarter valued at approximately $43,000. New York State Teachers Retirement System purchased a new stake in QCR during the 3rd quarter valued at approximately $111,000. SG Americas Securities LLC purchased a new stake in QCR during the 1st quarter valued at approximately $116,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in QCR during the 1st quarter valued at approximately $205,000. 70.01% of the stock is owned by institutional investors and hedge funds.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.