QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $85.12 and traded as high as $93.70. QCR shares last traded at $91.46, with a volume of 121,365 shares traded.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on QCRH. Piper Sandler lowered their target price on QCR from $108.00 to $107.00 and set an "overweight" rating for the company in a research report on Monday, April 27th. Weiss Ratings raised QCR from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods raised their target price on QCR from $92.00 to $102.00 and gave the stock an "outperform" rating in a research report on Thursday, January 29th. DA Davidson raised their target price on QCR from $92.00 to $96.00 and gave the stock a "neutral" rating in a research report on Thursday, January 29th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $99.00 target price on shares of QCR in a research report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $101.00.
Read Our Latest Research Report on QCR
QCR Price Performance
The firm has a market capitalization of $1.53 billion, a P/E ratio of 11.46 and a beta of 0.77. The business has a 50-day moving average of $87.31 and a 200 day moving average of $85.12. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57.
QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.21. The business had revenue of $89.52 million during the quarter, compared to the consensus estimate of $105.42 million. QCR had a return on equity of 12.65% and a net margin of 21.98%. On average, sell-side analysts predict that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.
QCR Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were paid a dividend of $0.10 per share. This is an increase from QCR's previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR's dividend payout ratio (DPR) is presently 5.01%.
Insider Transactions at QCR
In other news, insider James D. Klein sold 554 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the transaction, the insider owned 738 shares in the company, valued at $60,885. The trade was a 42.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.20% of the company's stock.
Hedge Funds Weigh In On QCR
Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. purchased a new position in shares of QCR in the 4th quarter worth approximately $37,000. Farther Finance Advisors LLC boosted its stake in shares of QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank's stock worth $48,000 after buying an additional 148 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of QCR in the 3rd quarter worth approximately $51,000. Kemnay Advisory Services Inc. purchased a new position in shares of QCR in the 4th quarter worth approximately $61,000. Finally, Blue Trust Inc. purchased a new position in shares of QCR in the 1st quarter worth approximately $71,000. Hedge funds and other institutional investors own 70.01% of the company's stock.
About QCR
(
Get Free Report)
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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