QCR Holdings, Inc. (NASDAQ:QCRH) Sees Large Volume Increase - Should You Buy?

QCR Holdings, Inc. (NASDAQ:QCRH) experienced a notable rise in trading volume on Tuesday as around 139,741 shares were exchanged during mid-day trading. This marks a significant increase of 113% compared to the previous day's volume of 65,642 shares. The stock last traded at $78.56, after closing at $77.38.

QCR Price Performance

The company's performance indicators show that it has a 50-day moving average price of $86.47 and a 200-day moving average price of $77.57. With a market capitalization of $1.33 billion, QCR has a price-to-earnings (P/E) ratio of 11.40 and a beta of 0.98. The company's debt-to-equity ratio stands at 0.67, alongside a quick ratio of 0.99, and a current ratio of 1.02.

Recently, QCR reported its quarterly earnings on October 23rd. The bank disclosed earnings of $1.78 per share (EPS) for the quarter, exceeding the consensus estimate of $1.49 by $0.29. The net profit margin reached 19.25%, and the return on equity was 12.92%. For this quarter, the revenue was recorded at $152.58 million, surpassing the expected $84.00 million. Last year at this time, the company posted an EPS of $1.51. Analysts forecast a projected EPS of 6.73 for QCR Holdings, Inc. for the current fiscal year, highlighting strong performance potential going forward.

QCR Dividend Announcement

QCR has also announced a recent quarterly dividend, which was paid on January 3rd. Shareholders of record as of December 13th received $0.06 per share. This equates to an annual dividend of $0.24, resulting in a yield of 0.31%. The ex-dividend date for this payment was also December 13th, with the company's dividend payout ratio at 3.48%.

Insider Buying and Selling

In other noteworthy news, the company’s Chief Accounting Officer, Nick W. Anderson, sold 675 shares on October 30th, receiving an average price of $81.93, totaling around $55,302.75. Following this transaction, Anderson holds 782 shares worth approximately $64,069.26, indicating a decrease of 46.33% in his position. This transaction was made public via a filing with the Securities and Exchange Commission. Currently, company insiders own roughly 3.70% of the stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their positions in QCR. Point72 Asset Management L.P. purchased a new stake valued at about $54,000 during the third quarter. Quest Partners LLC added a similar position worth approximately $62,000. Additionally, Point72 DIFC Ltd bought shares valued around $65,000, while the New York State Teachers Retirement System acquired a stake worth about $111,000. Lastly, SG Americas Securities LLC made a purchase of approximately $158,000 worth of shares in the same period. Overall, 70.01% of the company's stock is held by institutional investors, indicating a strong institutional interest in QCR.

About QCR Holdings, Inc.

QCR Holdings, Inc. is a multi-bank holding company that provides diverse commercial and consumer banking, as well as trust and asset management services. The company's offerings include noninterest-bearing demand accounts, interest-bearing demand accounts, time deposits, and brokered deposits. In addition, QCR provides various commercial and retail lending/leasing services, along with investment offerings catering to corporations, partnerships, individuals, and government agencies.

Conclusion

With recent performance showing increased trading volume and strong earnings results, investors may wonder if it’s an appropriate time to buy shares in QCR Holdings, Inc. While the company possesses a favorable outlook, potential investors should evaluate their investment strategies and consider other available opportunities. Before making investment decisions, it is wise to perform thorough market analyses and keep abreast of institutional movements related to QCR.

QCRH, Volume, Investing