QCR Holdings, Inc. (NASDAQ:QCRH) Receives $90.00 Average PT from Analysts

QCR Holdings, Inc. (NASDAQ:QCRH) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $90.00.

QCRH has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of QCR in a report on Monday, December 29th. Piper Sandler increased their target price on QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. DA Davidson reiterated a “neutral” rating and set a $83.00 target price on shares of QCR in a research report on Thursday, October 9th. Raymond James Financial reissued an “outperform” rating and set a $88.00 target price (up from $85.00) on shares of QCR in a research note on Monday, October 27th. Finally, Zacks Research downgraded shares of QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th.

QCR Trading Up 0.3%

Shares of QCRH opened at $83.85 on Friday. The company’s fifty day simple moving average is $82.47 and its 200-day simple moving average is $77.42. The company has a market cap of $1.41 billion, a P/E ratio of 11.71 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. QCR has a twelve month low of $60.83 and a twelve month high of $88.15.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Friday, November 7th. The bank reported $2.17 EPS for the quarter. The company had revenue of $101.45 million for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.04%. As a group, analysts expect that QCR will post 6.82 EPS for the current year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, December 23rd. QCR’s dividend payout ratio is currently 3.35%.

Institutional Trading of QCR

A number of large investors have recently modified their holdings of the company. Kennedy Capital Management LLC grew its stake in QCR by 108.2% in the third quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock worth $52,536,000 after purchasing an additional 360,884 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of QCR by 715.4% during the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after buying an additional 351,145 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of QCR by 86.2% during the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after buying an additional 162,482 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of QCR in the third quarter valued at about $9,825,000. Finally, Millennium Management LLC lifted its stake in QCR by 124.5% in the first quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock worth $7,031,000 after acquiring an additional 54,678 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.