QCR (NASDAQ:QCRH) Reaches New 52-Week High – Still a Buy?

by · The Markets Daily

QCR Holdings, Inc. (NASDAQ:QCRHGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $88.16 and last traded at $86.5750, with a volume of 37614 shares changing hands. The stock had previously closed at $87.01.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QCRH shares. Zacks Research upgraded QCR from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. DA Davidson restated a “neutral” rating and issued a $83.00 price target on shares of QCR in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QCR in a report on Monday. Piper Sandler lifted their target price on QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $88.00 price target (up from $85.00) on shares of QCR in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.00.

Read Our Latest Research Report on QCRH

QCR Trading Up 0.1%

The business’s 50 day simple moving average is $77.85 and its two-hundred day simple moving average is $74.87. The stock has a market cap of $1.47 billion, a P/E ratio of 12.16 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65.

QCR (NASDAQ:QCRHGet Free Report) last issued its quarterly earnings data on Friday, November 7th. The bank reported $2.17 earnings per share for the quarter. QCR had a return on equity of 12.04% and a net margin of 20.64%.The business had revenue of $101.45 million for the quarter. As a group, analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, December 23rd. QCR’s dividend payout ratio (DPR) is 3.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of QCR by 0.7% during the first quarter. Vanguard Group Inc. now owns 952,780 shares of the bank’s stock worth $67,952,000 after buying an additional 7,002 shares during the period. Kennedy Capital Management LLC boosted its position in QCR by 108.2% during the third quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock valued at $52,536,000 after acquiring an additional 360,884 shares during the last quarter. Geode Capital Management LLC grew its holdings in QCR by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock worth $29,549,000 after acquiring an additional 11,033 shares during the period. Victory Capital Management Inc. grew its holdings in QCR by 715.4% during the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after acquiring an additional 351,145 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after acquiring an additional 162,482 shares in the last quarter. Institutional investors and hedge funds 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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