QCR (NASDAQ:QCRH) Stock Crosses Above 200-Day Moving Average of $57.37

QCR Holdings, Inc. (NASDAQ:QCRH)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $57.37 and traded as high as $60.19. QCR shares last traded at $58.98, with a volume of 60,965 shares.

QCR Stock Performance

The stock has a market cap of $980.36 million, a PE ratio of 8.69 and a beta of 0.96. The stock has a fifty day simple moving average of $57.30 and a two-hundred day simple moving average of $57.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.00.

QCR (NASDAQ:QCRH) last announced its earnings results on Tuesday, April 23rd. The bank reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.27. QCR had a net margin of 19.92% and a return on equity of 13.23%. The business had revenue of $141.91 million during the quarter, compared to the consensus estimate of $82.83 million. During the same period in the prior year, the firm earned $1.65 earnings per share. Equities analysts anticipate that QCR Holdings, Inc. will post 5.78 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, June 14th. QCR’s payout ratio is 3.58%.

Institutional Investors Weigh In On QCR

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EMC Capital Management acquired a new stake in shares of QCR during the first quarter worth approximately $279,000. Comerica Bank grew its holdings in QCR by 3.4% during the 1st quarter. Comerica Bank now owns 28,266 shares of the bank’s stock worth $1,717,000 after acquiring an additional 938 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of QCR by 131.3% in the 1st quarter. Janus Henderson Group PLC now owns 16,301 shares of the bank’s stock worth $989,000 after purchasing an additional 9,253 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of QCR by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank’s stock valued at $287,000 after purchasing an additional 539 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of QCR during the first quarter worth about $43,000. 70.01% of the stock is currently owned by hedge funds and other 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.