Brokerages Set QCR Holdings, Inc. (NASDAQ:QCRH) PT at $102.25

QCR Holdings, Inc. (NASDAQ:QCRH) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two 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 brokerages that have covered the stock in the last year is $102.25.

Several brokerages have recently issued reports on QCRH. Keefe, Bruyette & Woods boosted their price objective on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $108.00 target price (up from $105.00) on shares of QCR in a research note on Friday, January 30th. Raymond James Financial reissued an “outperform” rating and issued a $103.00 price target on shares of QCR in a research note on Friday, January 30th. Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Finally, Zacks Research downgraded shares of QCR from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th.

Insider Activity

In related news, CFO Todd A. Gipple sold 8,590 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the transaction, the chief financial officer owned 44,902 shares in the company, valued at $4,037,587.84. This trade represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On QCR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC bought a new position in QCR during the third quarter valued at about $1,228,000. Y Intercept Hong Kong Ltd bought a new stake in QCR in the second quarter worth about $1,829,000. Endeavour Capital Advisors Inc. lifted its holdings in QCR by 20.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock valued at $20,155,000 after acquiring an additional 45,389 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of QCR by 33.6% during the 2nd quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock valued at $22,656,000 after purchasing an additional 83,977 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of QCR by 8.6% in 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 purchasing an additional 2,195 shares during the last quarter. 70.01% of the stock is owned by institutional investors.

QCR Stock Up 0.4%

QCR stock opened at $88.24 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.00. QCR has a one year low of $60.83 and a one year high of $96.00. The company has a 50-day simple moving average of $88.25 and a 200-day simple moving average of $81.72. The firm has a market capitalization of $1.48 billion, a P/E ratio of 11.75 and a beta of 0.82.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.13%. The firm had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. As a group, equities analysts expect that QCR will post 6.82 earnings per share for the current year.

QCR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio (DPR) is currently 3.20%.

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.