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

Shares of QCR Holdings, Inc. (NASDAQ:QCRHGet Free Report) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $102.25.

QCRH has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $103.00 target price on shares of QCR in a research report on Friday, January 30th. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Keefe, Bruyette & Woods boosted their price target on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. DA Davidson upped their price objective on QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Zacks Research downgraded QCR from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th.

Check Out Our Latest Research Report on QCRH

Key Headlines Impacting QCR

Here are the key news stories impacting QCR this week:

QCR Stock Down 0.5%

QCR stock opened at $88.56 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. QCR has a 1-year low of $63.67 and a 1-year high of $96.00. The company has a fifty day simple moving average of $87.39 and a 200 day simple moving average of $83.87. The company has a market cap of $1.48 billion, a P/E ratio of 11.10 and a beta of 0.78.

QCR (NASDAQ:QCRHGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, topping the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.65%. The firm had revenue of $89.52 million for the quarter, compared to analysts’ expectations of $105.42 million. Research analysts anticipate that QCR will post 7.95 earnings per share for the current fiscal year.

QCR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. This is an increase from QCR’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, March 19th. QCR’s payout ratio is currently 5.33%.

Insiders Place Their Bets

In related news, insider James D. Klein sold 554 shares of QCR stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.50, for a total transaction of $45,705.00. Following the completion of the transaction, the insider owned 738 shares in the company, valued at approximately $60,885. This trade represents a 42.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Todd A. Gipple sold 8,590 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $89.92, for a total value of $772,412.80. Following the transaction, the chief financial officer directly owned 44,902 shares in the company, valued at approximately $4,037,587.84. This trade represents a 16.06% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

A number of hedge funds have recently made changes to their positions in QCRH. Blue Trust Inc. bought a new stake in QCR in the 1st quarter valued at $71,000. OP Asset Management Ltd acquired a new stake in QCR during the 1st quarter valued at $806,000. Hsbc Holdings PLC bought a new position in QCR during the fourth quarter worth $1,245,000. Fuller & Thaler Asset Management Inc. boosted its position in QCR by 52.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 99,727 shares of the bank’s stock worth $8,307,000 after purchasing an additional 34,132 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in shares of QCR in the fourth quarter valued at $202,000. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Company Profile

(Get Free Report)

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.

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Analyst Recommendations for QCR (NASDAQ:QCRH)

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