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

Key Points

• QCR Holdings reached a new 52-week high of $106.68, with the stock last trading near $106.16 and a market capitalization of approximately $1.73 billion.
• Analyst sentiment remains positive, with four Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $108.75. Piper Sandler set the highest target at $123.
• QCR exceeded quarterly earnings expectations, reporting $2.19 in EPS versus the $1.91 consensus, although revenue of $97.34 million came in below expectations; the company also pays a $0.40 annualized dividend yielding about 0.4%.

Shares of QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $106.68 and last traded at $106.1610, with a volume of 7669 shares trading hands. The stock had previously closed at $105.76.

Analysts Set New Price Targets

QCRH has been the topic of several recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of QCR in a research note on Monday, July 6th. DA Davidson increased their target price on shares of QCR from $97.00 to $105.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Raymond James Financial reissued an "outperform" rating and issued a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Keefe, Bruyette & Woods boosted their price target on shares of QCR from $105.00 to $108.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $123.00 price objective (up from $107.00) on shares of QCR in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.75.

QCR Stock Performance

The stock has a market capitalization of $1.73 billion, a PE ratio of 12.53 and a beta of 0.74. The firm's fifty day moving average is $98.27 and its 200-day moving average is $92.23. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 13.00%. The company had revenue of $97.34 million for the quarter, compared to analysts' expectations of $104.10 million. As a group, research analysts anticipate that QCR Holdings, Inc. will post 8.5 earnings per share for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 18th. QCR's dividend payout ratio is currently 4.73%.

Insiders Place Their Bets

In related news, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the sale, the chief executive officer owned 6,093 shares in the company, valued at approximately $578,591.28. This trade represents a 10.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. acquired a new position in QCR during the 4th quarter worth about $37,000. Farther Finance Advisors LLC grew its position in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank's stock valued at $48,000 after acquiring an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in QCR in the 4th quarter valued at about $61,000. Blue Trust Inc. acquired a new position in QCR in the 1st quarter valued at about $71,000. Finally, Quadrant Capital Group LLC purchased a new stake in QCR during the third quarter worth about $72,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.

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