QCR (NASDAQ:QCRH) Reaches New 12-Month High – Should You Buy?

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $82.06 and last traded at $81.84, with a volume of 40092 shares. The stock had previously closed at $78.66.

Analysts Set New Price Targets

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

QCR Stock Performance

The stock’s 50 day moving average is $75.86 and its two-hundred day moving average is $66.57. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.22 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 earnings per share 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 company had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same period in the prior year, the firm earned $1.51 earnings per share. Analysts expect that QCR Holdings, Inc. will post 6.34 earnings per share 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 issued a $0.06 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.30%. QCR’s dividend payout ratio (DPR) is presently 3.58%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new stake in QCR during the 1st quarter worth about $426,000. BNP Paribas Financial Markets raised its holdings in QCR by 90.0% during the first quarter. BNP Paribas Financial Markets now owns 8,154 shares of the bank’s stock worth $495,000 after acquiring an additional 3,862 shares in the last quarter. Empowered Funds LLC boosted its position in QCR by 8.0% during the first quarter. Empowered Funds LLC now owns 56,491 shares of the bank’s stock valued at $3,431,000 after purchasing an additional 4,200 shares during the last quarter. SG Americas Securities LLC acquired a new position in QCR during the first quarter valued at approximately $116,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in QCR in the first quarter valued at approximately $205,000. 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.