QCR (NASDAQ:QCRH) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

QCR Holdings, Inc. (NASDAQ:QCRH) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $65.95 and traded as high as $80.29. QCR shares last traded at $78.16, with a volume of 84,995 shares trading hands.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $82.00 price objective (up previously from $70.00) on shares of QCR in a report on Monday, July 29th.

QCR Stock Performance

The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.60 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The stock has a 50-day simple moving average of $75.35 and a 200-day simple moving average of $65.95.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.34. The firm had revenue of $150.64 million for the quarter, compared to analysts’ expectations of $82.20 million. QCR had a net margin of 19.37% and a return on equity of 12.90%. During the same period in the prior year, the company posted $1.69 earnings per share. On average, analysts anticipate that QCR Holdings, Inc. will post 6.34 earnings per share for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. QCR’s payout ratio is 3.56%.

Institutional Trading of QCR

Hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC bought a new position in QCR during the 3rd quarter worth approximately $818,000. CWM LLC boosted its holdings in QCR by 20.9% in the third quarter. CWM LLC now owns 22,755 shares of the bank’s stock worth $1,685,000 after purchasing an additional 3,931 shares during the period. SG Americas Securities LLC bought a new stake in QCR during the third quarter valued at $158,000. Susquehanna Fundamental Investments LLC raised its holdings in shares of QCR by 71.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 5,784 shares of the bank’s stock worth $347,000 after purchasing an additional 2,404 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of QCR by 13.0% in the 2nd quarter. AQR Capital Management LLC now owns 32,732 shares of the bank’s stock worth $1,964,000 after buying an additional 3,769 shares during the last quarter. 70.01% of the stock is owned by 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.