QCR (NASDAQ:QCRH) Sees Unusually-High Trading Volume – Here’s Why

QCR Holdings, Inc. (NASDAQ:QCRHGet Free Report) saw strong trading volume on Tuesday . 139,741 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 65,642 shares.The stock last traded at $78.56 and had previously closed at $77.38.

QCR Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The stock has a market capitalization of $1.33 billion, a P/E ratio of 11.40 and a beta of 0.98. The stock has a 50-day moving average price of $86.47 and a two-hundred day moving average price of $77.57.

QCR (NASDAQ:QCRHGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The business had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. During the same period in the previous year, the firm posted $1.51 EPS. On average, research analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. QCR’s payout ratio is 3.48%.

Insider Transactions at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the sale, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in QCR by 1.3% during the second quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock valued at $1,584,000 after acquiring an additional 341 shares during the last quarter. Point72 Asset Management L.P. bought a new position in QCR during the 3rd quarter valued at about $54,000. Principal Financial Group Inc. grew its holdings in QCR by 11.2% during the 3rd quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock valued at $615,000 after purchasing an additional 834 shares during the last quarter. Quest Partners LLC purchased a new stake in QCR in the 3rd quarter worth about $62,000. Finally, Point72 DIFC Ltd bought a new stake in QCR in the third quarter worth about $65,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

About QCR

(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.

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