QCR (NASDAQ:QCRH) Upgraded at Zacks Research

Zacks Research upgraded shares of QCR (NASDAQ:QCRH) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on QCRH. Raymond James Financial restated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of QCR in a research report on Monday. DA Davidson restated a “neutral” rating and set a $83.00 target price on shares of QCR in a research report on Thursday, October 9th. Piper Sandler upped their target price on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up previously from $90.00) on shares of QCR in a research report on Friday, July 25th. Finally, Weiss Ratings lowered shares of QCR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

QCR Stock Performance

QCRH opened at $73.16 on Monday. The firm has a market cap of $1.24 billion, a P/E ratio of 10.22 and a beta of 0.83. QCR has a 1-year low of $60.83 and a 1-year high of $96.08. The company has a 50 day simple moving average of $75.90 and a two-hundred day simple moving average of $71.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.44. The business had revenue of $101.45 million during the quarter, compared to analyst estimates of $100.95 million. QCR had a net margin of 20.64% and a return on equity of 12.22%. Equities analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Thursday, September 18th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 18th. QCR’s dividend payout ratio is currently 3.35%.

Insiders Place Their Bets

In other news, CEO Laura L. Ekizian sold 333 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $80.00, for a total transaction of $26,640.00. Following the transaction, the chief executive officer directly owned 5,632 shares of the company’s stock, valued at approximately $450,560. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in QCR by 0.7% during the first quarter. Vanguard Group Inc. now owns 952,780 shares of the bank’s stock valued at $67,952,000 after buying an additional 7,002 shares in the last quarter. Geode Capital Management LLC boosted its stake in QCR by 2.6% during the second quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock valued at $29,549,000 after buying an additional 11,033 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in QCR by 33.6% during the second quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock valued at $22,656,000 after buying an additional 83,977 shares in the last quarter. FJ Capital Management LLC boosted its stake in QCR by 8.0% during the first quarter. FJ Capital Management LLC now owns 301,205 shares of the bank’s stock valued at $21,482,000 after buying an additional 22,233 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in QCR by 0.9% during the first quarter. The Manufacturers Life Insurance Company now owns 233,096 shares of the bank’s stock valued at $16,624,000 after buying an additional 2,064 shares in the last quarter. 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.