QCR (NASDAQ:QCRH) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

QCR Holdings, Inc. (NASDAQ:QCRH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $80.04 and traded as high as $93.08. QCR shares last traded at $92.38, with a volume of 59,223 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on QCRH shares. DA Davidson increased their price objective on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Raymond James Financial reissued an “outperform” rating and issued a $103.00 price objective on shares of QCR in a research report on Friday, January 30th. Piper Sandler restated an “overweight” rating and set a $108.00 target price (up previously from $105.00) on shares of QCR in a research report on Friday, January 30th. Finally, Keefe, Bruyette & Woods lifted their target price on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.25.

QCR Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. The company has a fifty day moving average price of $87.24 and a 200 day moving average price of $80.04. The stock has a market cap of $1.56 billion, a P/E ratio of 12.30 and a beta of 0.82.

QCR (NASDAQ:QCRH) last issued its earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to analysts’ expectations of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. On average, equities analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR’s payout ratio is presently 3.20%.

Insiders Place Their Bets

In other QCR news, CFO Todd A. Gipple sold 8,590 shares of QCR stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the transaction, the chief financial officer owned 44,902 shares in the company, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in QCR by 10.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 31,294 shares of the bank’s stock worth $2,607,000 after buying an additional 2,936 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in QCR by 23.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,831 shares of the bank’s stock worth $2,568,000 after acquiring an additional 5,848 shares during the last quarter. Jane Street Group LLC boosted its holdings in QCR by 106.8% during the 4th quarter. Jane Street Group LLC now owns 44,855 shares of the bank’s stock worth $3,736,000 after acquiring an additional 23,166 shares during the last quarter. DRW Securities LLC bought a new stake in shares of QCR in the 4th quarter worth $229,000. Finally, Brooklyn Investment Group purchased a new stake in shares of QCR in the fourth quarter valued at about $422,000. Institutional investors own 70.01% of the company’s stock.

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.