QCR Holdings (NASDAQ:QCRH) Experiences Notable Volume Surge - Is It Time to Invest?
QCR Holdings, Inc. (NASDAQ:QCRH) experienced a significant increase in trading volume on a recent Tuesday, with approximately 139,741 shares traded during mid-day. This marks an impressive 113% rise from the previous session's volume of 65,642 shares. The stock was last quoted at $78.56, up from its prior close at $77.38.
Performance Overview
The company has a 50-day moving average price of $86.47, while its 200-day moving average price stands at $77.57. QCR Holdings boasts a market capitalization of $1.33 billion, a price-to-earnings (P/E) ratio of 11.40, and a beta of 0.98. The company manages a debt-to-equity ratio of 0.67, a quick ratio of 0.99, and a current ratio of 1.02.
On October 23rd, QCR released its latest quarterly earnings report, revealing an earnings per share (EPS) of $1.78, surpassing the consensus estimate of $1.49 by $0.29. The company posted a net margin of 19.25% and a return on equity of 12.92%. It generated revenue of $152.58 million during this quarter, significantly exceeding the consensus estimate of $84.00 million. In the same period last year, QCR achieved earnings of $1.51 EPS. Analysts forecast that QCR Holdings will report an EPS of 6.73 for the current fiscal year.
Dividend Information
The company recently announced a quarterly dividend that was paid on January 3rd, with shareholders on record as of December 13th receiving a dividend payout of $0.06 per share. This amounts to an annualized dividend of $0.24, which equates to a yield of 0.31%. The ex-dividend date was also set on December 13th, and QCR's dividend payout ratio is 3.48%.
Insider Transactions
In related news, CAO Nick W. Anderson sold 675 shares on October 30th, with the transaction occurring at an average price of $81.93, resulting in a total sale amount of $55,302.75. Post-transaction, the chief accounting officer holds 782 shares of the company's stock, valued at approximately $64,069.26, indicating a 46.33% decline in their position. The details of this transaction have been disclosed in a filing with the Securities and Exchange Commission.
Institutional Holdings
Recent activity among institutional investors shows a mix of increased and reduced positions in QCR. Point72 Asset Management L.P. acquired a new position valued at around $54,000 during the third quarter. Similarly, Quest Partners LLC and Point72 DIFC Ltd also bought new shares, with acquisitions valued at approximately $62,000 and $65,000, respectively. New York State Teachers Retirement System and SG Americas Securities LLC added stakes valued at $111,000 and $158,000, respectively. Currently, institutional investors own about 70.01% of QCR's stock.
About QCR Holdings
QCR Holdings, Inc. is a multi-bank holding company, providing a range of services in commercial and consumer banking, in addition to trust and asset management. The company's services include various deposit products from noninterest-bearing to brokered deposits, along with commercial and retail lending services for corporations, partnerships, individuals, and government agencies.
Investment Decision Consideration
Before deciding to invest in QCR Holdings, it’s essential to evaluate the company's overall performance and recent market activity. While analysts currently rate QCR as a "Buy," it is advisable to conduct thorough research and consider alternatives. There are insights suggesting that top analysts have identified five stocks that might present better investment opportunities.
QCRH, Trading, Earnings