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

QCR Holdings, Inc. (NASDAQ:QCRH) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $102.25.

A number of brokerages have recently commented on QCRH. Piper Sandler reissued an “overweight” rating and set a $108.00 price objective (up from $105.00) on shares of QCR in a research report on Friday, January 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $103.00 target price on shares of QCR in a report on Friday, January 30th. Zacks Research downgraded shares of QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Finally, DA Davidson increased their price objective on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th.

Insider Buying and Selling at QCR

In other QCR news, insider James D. Klein sold 554 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the sale, the insider directly owned 738 shares in the company, valued at $60,885. This trade represents a 42.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Todd A. Gipple sold 8,590 shares of QCR stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $89.92, for a total value of $772,412.80. Following the sale, the chief financial officer directly owned 44,902 shares of the company’s stock, valued at $4,037,587.84. This trade represents a 16.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On QCR

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. purchased a new position in QCR in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC lifted its position in shares of QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after buying an additional 148 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of QCR during the 3rd quarter worth approximately $51,000. Kemnay Advisory Services Inc. acquired a new position in shares of QCR in the 4th quarter valued at $61,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of QCR in the 3rd quarter valued at $72,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Performance

NASDAQ:QCRH opened at $83.42 on Friday. QCR has a 12-month low of $60.83 and a 12-month high of $96.00. The firm has a market cap of $1.40 billion, a PE ratio of 11.11 and a beta of 0.82. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $87.88 and a 200 day moving average price of $82.35.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. QCR had a return on equity of 12.13% and a net margin of 21.07%. Sell-side analysts anticipate that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 19th. This is an increase from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. QCR’s payout ratio is presently 5.33%.

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.