Keefe, Bruyette & Woods Boosts QCR (NASDAQ:QCRH) Price Target to $108.00

QCR (NASDAQ:QCRH) had its target price increased by analysts at Keefe, Bruyette & Woods from $105.00 to $108.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 7.84% from the company’s previous close.

Several other analysts also recently weighed in on QCRH. Piper Sandler decreased their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Raymond James Financial reissued an “outperform” rating and issued a $99.00 price objective on shares of QCR in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

QCR Trading Up 2.8%

Shares of QCRH opened at $100.15 on Friday. QCR has a 1-year low of $66.65 and a 1-year high of $101.42. The company has a 50-day moving average of $94.91 and a 200 day moving average of $90.51. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 13.00%. On average, research analysts expect that QCR will post 8.13 EPS for the current year.

Insider Transactions at QCR

In other news, insider James D. Klein sold 310 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $91.00, for a total value of $28,210.00. Following the completion of the sale, the insider owned 428 shares in the company, valued at approximately $38,948. The trade was a 42.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the completion of the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. This represents a 10.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On QCR

A number of large investors have recently bought and sold shares of QCRH. Assetmark Inc. bought a new stake in QCR during the 4th quarter valued at $37,000. Farther Finance Advisors LLC increased its holdings in shares of QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after acquiring an additional 148 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of QCR in the 4th quarter valued at $61,000. Blue Trust Inc. bought a new position in shares of QCR in the 1st quarter worth $71,000. Finally, Quadrant Capital Group LLC bought a new position in shares of QCR in the 3rd quarter worth $72,000. 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.