QCR Holdings, Inc. Sees Increased Trading Volume - Is It Time to Buy?

QCR Holdings, Inc. (NASDAQ:QCRH) experienced a significant surge in trading activity on Tuesday. Around 139,741 shares were traded during the midday session, marking a rise of 113% from the previous day's volume of 65,642 shares. The stock was last seen trading at $78.56, up from its previous close at $77.38.

QCR Price and Performance

The company's stock has a 50-day moving average of $86.47 and a 200-day moving average of $77.57. QCR Holdings has a market capitalization of $1.33 billion, with a price-to-earnings (P/E) ratio of 11.40 and a beta of 0.98. The firm maintains a debt-to-equity ratio of 0.67, along with a quick ratio of 0.99 and a current ratio of 1.02.

The company released its quarterly earnings report on October 23rd, revealing an earnings per share (EPS) of $1.78. This exceeded the consensus estimate of $1.49 by $0.29. QCR achieved a net margin of 19.25% and a return on equity of 12.92%. The revenue for the quarter was reported at $152.58 million, significantly higher than the expected $84.00 million. In the same quarter of the last year, the firm earned an EPS of $1.51. Analysts suggest that QCR Holdings, Inc. may post an EPS of 6.73 for the current fiscal year.

Dividend Information

Recently, QCR declared a quarterly dividend, which was disbursed on January 3rd. Shareholders on record as of December 13th received a dividend payment of $0.06 per share. This translates to an annualized dividend of $0.24, yielding 0.31%. The ex-dividend date for this distribution was also December 13th, and the company maintains a dividend payout ratio of 3.48%.

Insider Trading Activity

In other news, Chief Accounting Officer Nick W. Anderson sold 675 shares on October 30th at an average price of $81.93, totaling about $55,302.75. Following this sale, he now holds 782 shares valued at roughly $64,069.26, a 46.33% reduction in his position. This transaction was reported to the Securities & Exchange Commission, and insiders collectively own 3.70% of QCR's stock.

Institutional Interest

Recent activities indicate that institutional investors are adjusting their positions in QCR. During the third quarter, Point72 Asset Management L.P. acquired a new stake valued at $54,000, while Quest Partners LLC added approximately $62,000. Additionally, Point72 DIFC Ltd, New York State Teachers Retirement System, and SG Americas Securities LLC also established new positions valued at $65,000, $111,000, and $158,000 respectively. Institutional investors account for 70.01% of the company’s shares.

Company Overview

QCR Holdings, Inc. is a multi-bank holding company that provides a range of banking and trust services. Its deposit offerings include noninterest-bearing demand deposits, interest-bearing demand deposits, time deposits, and brokered deposits. The company also engages in various commercial and retail lending, leasing, and investment services for corporations, partnerships, individuals, and governmental bodies.

Should You Invest in QCR?

Before making any investment decision regarding QCR, it’s important to reflect on various factors. Market research firms closely track leading analysts and their recommendations. While QCR currently holds a "Buy" rating, some top analysts believe that there are alternative stocks that may present better investment opportunities.

In conclusion, while QCR Holdings, Inc. has encountered a notable increase in trading volume and has recently shown strong earnings, potential investors should carefully analyze all aspects before deciding if they should buy stock in the company.

Stocks, Volume, Earnings