QCR (NASDAQ:QCRH) Stock Passes Above 200 Day Moving Average - Here's What Happened

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $71.75 and traded as high as $74.00. QCR shares last traded at $73.96, with a volume of 94,821 shares.

Wall Street Analysts Forecast Growth

QCRH has been the topic of several recent analyst reports. Piper Sandler cut their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut shares of QCR from a "hold" rating to a "sell" rating in a report on Saturday, June 28th. Raymond James Financial set a $78.00 target price on shares of QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their price target on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th.

QCR Trading Down 0.3%

The stock has a market cap of $1.27 billion, a P/E ratio of 11.25 and a beta of 0.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average price is $68.83 and its 200 day moving average price is $71.68.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping the consensus estimate of $1.52 by $0.01. QCR had a return on equity of 12.03% and a net margin of 19.17%. The company had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. During the same period last year, the company earned $1.59 EPS. Equities research analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, June 18th. QCR's dividend payout ratio (DPR) is 3.61%.

Insider Activity at QCR

In other QCR news, CEO Larry J. Helling purchased 1,000 shares of QCR stock in a transaction dated Monday, April 28th. The stock was purchased at an average price of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer directly owned 40,264 shares of the company's stock, valued at $2,598,235.92. This trade represents a 2.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On QCR

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new position in shares of QCR during the 4th quarter valued at approximately $35,000. New Age Alpha Advisors LLC bought a new position in shares of QCR during the 1st quarter valued at approximately $46,000. Lazard Asset Management LLC grew its stake in shares of QCR by 3,042.1% during the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock valued at $48,000 after acquiring an additional 578 shares during the period. EntryPoint Capital LLC bought a new position in shares of QCR during the 1st quarter valued at approximately $210,000. Finally, R Squared Ltd grew its stake in shares of QCR by 309.3% during the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank's stock valued at $232,000 after acquiring an additional 2,456 shares during the period. Hedge funds and other institutional investors own 70.01% of the company's stock.

QCR Company Profile

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.