QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report)'s share price crossed 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 changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on QCRH shares. Raymond James Financial set a $78.00 target price on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th. Piper Sandler lowered their target price on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen lowered QCR from a "hold" rating to a "sell" rating in a research report on Saturday, June 28th.
View Our Latest Stock Analysis on QCR
QCR Stock Up 1.9%
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 11.06 and a beta of 0.80. The business has a 50-day simple moving average of $68.67 and a 200-day simple moving average of $71.72.
QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $94.01 million. During the same quarter last year, the company earned $1.59 EPS. On average, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.
QCR Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Wednesday, June 18th. QCR's dividend payout ratio (DPR) is presently 3.61%.
Insider Buying and Selling at QCR
In other news, CEO Larry J. Helling purchased 1,000 shares of the business's stock in a transaction on Monday, April 28th. The shares were bought at an average price of $64.53 per share, with a total value of $64,530.00. Following the completion of the transaction, the chief executive officer directly owned 40,264 shares in the company, valued at approximately $2,598,235.92. This represents a 2.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in QCRH. Farther Finance Advisors LLC purchased a new position in shares of QCR in the 4th quarter valued at approximately $35,000. New Age Alpha Advisors LLC purchased a new position in shares of QCR in the 1st quarter valued at approximately $46,000. Lazard Asset Management LLC grew its stake in shares of QCR by 3,042.1% in the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock valued at $48,000 after purchasing an additional 578 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of QCR in the 1st quarter valued at approximately $210,000. Finally, R Squared Ltd grew its stake in shares of QCR by 309.3% in the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank's stock valued at $232,000 after purchasing an additional 2,456 shares during 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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