Keefe, Bruyette & Woods Issues Positive Forecast for QCR (NASDAQ:QCRH) Stock Price

QCR (NASDAQ:QCRH) had its price target hoisted by Keefe, Bruyette & Woods from $92.00 to $102.00 in a report released on Thursday, MarketBeat reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

Several other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. DA Davidson reaffirmed a “neutral” rating and set a $83.00 price objective on shares of QCR in a report on Thursday, October 9th. Raymond James Financial reiterated an “outperform” rating and issued a $88.00 target price (up from $85.00) on shares of QCR in a research report on Monday, October 27th. Piper Sandler raised their price target on QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of QCR in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.75.

QCR Trading Up 1.4%

Shares of QCR stock opened at $90.77 on Thursday. The company’s 50-day moving average price is $85.07 and its 200-day moving average price is $78.66. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. QCR has a 12-month low of $60.83 and a 12-month high of $92.00. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 12.09 and a beta of 0.82.

QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping the consensus estimate of $1.96 by $0.25. QCR had a return on equity of 12.30% and a net margin of 21.07%.The business had revenue of $107.02 million during the quarter, compared to analysts’ expectations of $106.87 million. On average, equities analysts expect that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.24 annualized dividend and a yield of 0.3%. QCR’s payout ratio is presently 3.35%.

Institutional Investors Weigh In On QCR

A number of institutional investors have recently modified their holdings of QCRH. Pictet Asset Management Holding SA purchased a new position in shares of QCR in the fourth quarter worth $233,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in QCR by 24.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 3,691 shares of the bank’s stock worth $307,000 after buying an additional 727 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in QCR by 34.6% during 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. Assetmark Inc. purchased a new stake in shares of QCR during the 4th quarter valued at about $37,000. Finally, State of Alaska Department of Revenue grew its stake in shares of QCR by 323.0% in the fourth quarter. State of Alaska Department of Revenue now owns 2,864 shares of the bank’s stock worth $238,000 after acquiring an additional 2,187 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

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.