QCR (NASDAQ:QCRH) Hits New 12-Month High at $77.02

QCR Holdings, Inc. (NASDAQ:QCRH) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $77.02 and last traded at $76.76, with a volume of 35827 shares changing hands. The stock had previously closed at $75.46.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $82.00 price objective (up previously from $70.00) on shares of QCR in a report on Monday.

QCR Price Performance

The business’s fifty day moving average price is $60.42 and its 200-day moving average price is $58.47. The company has a market capitalization of $1.30 billion, a P/E ratio of 11.25 and a beta of 0.96. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.34. The firm had revenue of $150.64 million during the quarter, compared to analyst estimates of $82.20 million. QCR had a return on equity of 13.14% and a net margin of 19.37%. During the same quarter in the previous year, the company posted $1.69 earnings per share. As a group, sell-side analysts predict that QCR Holdings, Inc. will post 5.98 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, June 14th. QCR’s dividend payout ratio is currently 3.58%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Innealta Capital LLC bought a new position in shares of QCR during the 2nd quarter valued at $35,000. Lazard Asset Management LLC bought a new position in shares of QCR during the first quarter valued at about $43,000. SG Americas Securities LLC bought a new position in shares of QCR during the first quarter valued at about $116,000. Northwest Bank & Trust Co purchased a new position in shares of QCR in the fourth quarter worth about $204,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of QCR in the 1st quarter valued at about $205,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

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.