QCR Holdings, Inc. (NASDAQ:QCRH) Receives $102.25 Consensus Target Price from Brokerages

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $102.25.

Several research analysts have issued reports on the stock. DA Davidson increased their target price on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating and set a $108.00 price objective (up from $105.00) on shares of QCR in a research note on Friday, January 30th. Zacks Research lowered shares of QCR from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd.

QCR Price Performance

Shares of NASDAQ QCRH opened at $95.40 on Thursday. The stock’s 50-day simple moving average is $86.52 and its two-hundred day simple moving average is $79.46. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.61 billion, a P/E ratio of 12.70 and a beta of 0.82. QCR has a twelve month low of $60.83 and a twelve month high of $96.00.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. The company had revenue of $107.02 million during the quarter, compared to analyst estimates of $106.87 million. QCR had a net margin of 21.07% and a return on equity of 12.30%. As a group, equities analysts anticipate that QCR will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

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 annualized dividend and a yield of 0.3%. The ex-dividend date was Tuesday, December 23rd. QCR’s payout ratio is 3.20%.

Insider Buying and Selling

In other QCR news, CFO Todd A. Gipple sold 8,590 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the sale, the chief financial officer directly owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. This represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On QCR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC acquired a new position in QCR in the 3rd quarter worth about $1,228,000. Y Intercept Hong Kong Ltd acquired a new position in QCR during the second quarter worth $1,829,000. Kennedy Capital Management LLC boosted its holdings in QCR by 33.6% in the 2nd quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock worth $22,656,000 after buying an additional 83,977 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in QCR by 8.6% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 27,616 shares of the bank’s stock worth $1,875,000 after buying an additional 2,195 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in QCR by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock worth $29,549,000 after buying an additional 11,033 shares in the last quarter. 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.