QCR (NASDAQ:QCRH) Sees Unusually-High Trading Volume – Should You Buy?

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) saw unusually-strong trading volume on Tuesday . Approximately 139,741 shares were traded during trading, an increase of 113% from the previous session’s volume of 65,642 shares.The stock last traded at $78.56 and had previously closed at $77.38.

QCR Trading Down 0.0 %

The firm has a market cap of $1.36 billion, a PE ratio of 11.70 and a beta of 0.98. The firm has a fifty day simple moving average of $86.06 and a two-hundred day simple moving average of $77.74. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29. The company had revenue of $152.58 million during 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 quarter in the prior year, the company earned $1.51 earnings per share. Equities analysts forecast that QCR Holdings, Inc. will post 6.74 EPS for the current year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Friday, December 13th. QCR’s payout ratio is 3.48%.

Insider Activity at QCR

In related news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the sale, the chief accounting officer now directly 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 document filed with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On QCR

A number of institutional investors have recently added to or reduced their stakes in QCRH. Rhumbline Advisers grew its position in shares of QCR by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock worth $1,584,000 after buying an additional 341 shares during the period. Point72 Asset Management L.P. bought a new position in shares of QCR during the third quarter valued at approximately $54,000. Principal Financial Group Inc. lifted its holdings in shares of QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock valued at $615,000 after purchasing an additional 834 shares during the last quarter. Quest Partners LLC bought a new stake in shares of QCR in the 3rd quarter worth approximately $62,000. Finally, Point72 DIFC Ltd bought a new stake in shares of QCR in the 3rd quarter worth approximately $65,000. Institutional investors 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.