QCR (NASDAQ:QCRH) Hits New 12-Month High at $61.91

Shares of QCR Holdings, Inc. (NASDAQ:QCRHGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $61.91 and last traded at $60.89, with a volume of 30972 shares trading hands. The stock had previously closed at $56.62.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on QCRH. StockNews.com began coverage on shares of QCR in a report on Thursday, October 5th. They set a “hold” rating on the stock. Piper Sandler upped their price objective on shares of QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods increased their target price on shares of QCR from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday.

Read Our Latest Research Report on QCR

QCR Trading Up 0.8 %

The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The business’s fifty day simple moving average is $55.69 and its two-hundred day simple moving average is $51.76. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.08 and a beta of 0.96.

QCR (NASDAQ:QCRHGet Free Report) last announced its earnings results on Wednesday, October 25th. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.15. The business had revenue of $81.85 million for the quarter, compared to analysts’ expectations of $77.10 million. QCR had a net margin of 20.80% and a return on equity of 14.08%. On average, equities analysts predict that QCR Holdings, Inc. will post 5.41 EPS for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Friday, December 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.39%. QCR’s dividend payout ratio (DPR) is 3.57%.

Insider Activity at QCR

In other news, CEO Larry J. Helling acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were purchased at an average cost of $48.00 per share, for a total transaction of $48,000.00. Following the transaction, the chief executive officer now directly owns 31,643 shares in the company, valued at approximately $1,518,864. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Denali Advisors LLC acquired a new position in shares of QCR in the fourth quarter valued at approximately $514,000. Assenagon Asset Management S.A. purchased a new stake in QCR in the 4th quarter worth approximately $1,734,000. BKM Wealth Management LLC purchased a new stake in shares of QCR during the 4th quarter valued at $33,000. Vanguard Group Inc. grew its stake in shares of QCR by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 912,313 shares of the bank’s stock valued at $44,265,000 after buying an additional 15,587 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of QCR by 23.0% during the 3rd quarter. Deutsche Bank AG now owns 7,280 shares of the bank’s stock valued at $353,000 after buying an additional 1,359 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

QCR Company Profile

(Get Free Report)

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.

Further Reading

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