QCR (NASDAQ:QCRH) Reaches New 1-Year High – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

QCR Price Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 12.81 and a beta of 0.93. The stock’s 50 day simple moving average is $76.88 and its 200-day simple moving average is $67.74.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating the consensus estimate of $1.49 by $0.29. The business had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 13.16%. During the same period in the prior year, the firm earned $1.51 EPS. Equities research analysts anticipate that QCR Holdings, Inc. will post 6.73 EPS for the current fiscal year.

QCR Announces Dividend

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

Insider Activity

In related news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares in the company, valued at approximately $64,069.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QCRH. Innealta Capital LLC acquired a new stake in QCR during the second quarter valued at $35,000. Lazard Asset Management LLC acquired a new stake in shares of QCR in the first quarter valued at about $43,000. Quest Partners LLC acquired a new stake in shares of QCR in the third quarter valued at about $62,000. New York State Teachers Retirement System acquired a new stake in shares of QCR in the third quarter valued at about $111,000. Finally, SG Americas Securities LLC acquired a new stake in shares of QCR in the first quarter valued at about $116,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

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.