Brokerages Set QCR Holdings, Inc. (NASDAQ:QCRH) Target Price at $90.00

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $90.00.

A number of equities research analysts recently weighed in on QCRH shares. Zacks Research upgraded QCR from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Raymond James Financial reiterated an “outperform” rating and set a $88.00 target price (up from $85.00) on shares of QCR in a research report on Monday, October 27th. DA Davidson restated a “neutral” rating and issued a $83.00 price target on shares of QCR in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QCR in a research note on Wednesday, November 19th. Finally, Piper Sandler increased their price objective on shares of QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a research note on Monday, October 27th.

Insider Buying and Selling at QCR

In related news, CEO Laura L. Ekizian sold 333 shares of QCR stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 5,632 shares in the company, valued at $450,560. The trade was a 5.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QCR

Institutional investors have recently made changes to their positions in the stock. New Age Alpha Advisors LLC purchased a new stake in shares of QCR in the first quarter valued at $46,000. State of Alaska Department of Revenue purchased a new stake in QCR during the 3rd quarter worth about $51,000. Quadrant Capital Group LLC acquired a new position in QCR in the 3rd quarter valued at about $72,000. Russell Investments Group Ltd. purchased a new position in QCR in the 3rd quarter valued at about $104,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of QCR during the 1st quarter worth about $210,000. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Performance

Shares of QCRH opened at $78.46 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. QCR has a 52-week low of $60.83 and a 52-week high of $96.08. The company has a 50-day simple moving average of $75.29 and a 200-day simple moving average of $73.08. The company has a market capitalization of $1.32 billion, a PE ratio of 10.96 and a beta of 0.87.

QCR (NASDAQ:QCRH) last issued its earnings results on Friday, November 7th. The bank reported $2.17 earnings per share for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.22%. The company had revenue of $101.45 million for the quarter. Equities research analysts predict that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be given a $0.06 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR’s dividend payout ratio is currently 3.35%.

QCR Company Profile

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.