QCR (NASDAQ:QCRH) Sets New 52-Week High After Dividend Announcement

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $94.90 and last traded at $94.90, with a volume of 581 shares trading hands. 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. The ex-dividend date is Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. QCR’s dividend payout ratio (DPR) is presently 3.48%.

QCR Price Performance

The stock has a market capitalization of $1.58 billion, a P/E ratio of 13.62 and a beta of 0.93. The company’s 50 day simple moving average is $81.13 and its two-hundred day simple moving average is $70.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99.

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

Insider Transactions at QCR

In other news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 782 shares in the company, valued at approximately $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

A number of hedge funds and other institutional investors have recently modified their holdings of QCRH. Dimensional Fund Advisors LP lifted its holdings in QCR by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after buying an additional 13,567 shares in the last quarter. State Street Corp lifted its stake in shares of QCR by 3.4% during the third quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after acquiring an additional 16,006 shares during the period. Geode Capital Management LLC boosted its holdings in QCR by 1.1% in the third quarter. Geode Capital Management LLC now owns 401,193 shares of the bank’s stock valued at $29,706,000 after acquiring an additional 4,179 shares during the last quarter. Renaissance Technologies LLC increased its position in QCR by 2.7% in the second quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock worth $20,110,000 after purchasing an additional 8,800 shares during the period. Finally, American Century Companies Inc. raised its holdings in QCR by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock worth $18,432,000 after purchasing an additional 51,471 shares during the last quarter. 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.