QCR (NASDAQ:QCRH) Reaches New 12-Month High Following Dividend Announcement

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) reached a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as $94.90 and last traded at $94.90, with a volume of 581 shares. The stock had previously closed at $92.67.

The newly announced dividend which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Friday, December 13th. QCR’s dividend payout ratio is currently 3.48%.

QCR Trading Up 0.6 %

The business’s fifty day simple moving average is $81.13 and its two-hundred day simple moving average is $70.95. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.58 billion, a P/E ratio of 13.62 and a beta of 0.93.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. The business had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same period last year, the business earned $1.51 earnings per share. As a group, analysts forecast that QCR Holdings, Inc. will post 6.73 earnings per share for the current year.

Insider Activity

In other QCR news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares in the company, valued at $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QCR

Hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in QCR in the second quarter valued at about $35,000. Lazard Asset Management LLC bought a new stake in shares of QCR in the 1st quarter valued at approximately $43,000. Point72 Asset Management L.P. acquired a new position in shares of QCR in the 3rd quarter worth approximately $54,000. Quest Partners LLC bought a new position in shares of QCR during the 3rd quarter worth approximately $62,000. Finally, Point72 DIFC Ltd acquired a new stake in QCR in the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

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.