QCR (NASDAQ:QCRH) Reaches New 1-Year High at $63.43

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $63.43 and last traded at $63.33, with a volume of 21118 shares trading hands. The stock had previously closed at $60.37.

QCR Stock Performance

The company has a market cap of $1.06 billion, a P/E ratio of 9.40 and a beta of 0.96. The stock has a 50 day moving average price of $57.58 and a two-hundred day moving average price of $57.39. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.27. The firm had revenue of $141.91 million for the quarter, compared to analysts’ expectations of $82.83 million. QCR had a return on equity of 13.23% and a net margin of 19.92%. During the same quarter last year, the business earned $1.65 EPS. On average, research analysts predict that QCR Holdings, Inc. will post 5.78 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.38%. 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 hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of QCR by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock valued at $59,907,000 after buying an additional 24,251 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of QCR during the 4th quarter valued at $1,734,000. Denali Advisors LLC grew its holdings in shares of QCR by 111.4% during the 1st quarter. Denali Advisors LLC now owns 18,600 shares of the bank’s stock worth $1,130,000 after purchasing an additional 9,800 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of QCR by 25.0% in the fourth quarter. New York State Common Retirement Fund now owns 9,042 shares of the bank’s stock worth $528,000 after purchasing an additional 1,807 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in QCR in the fourth quarter valued at about $33,000. 70.01% of the stock is owned by institutional investors.

About QCR

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.