QCR Holdings, Inc. (NASDAQ:QCRH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $102.25.

Several analysts have commented on QCRH shares. DA Davidson raised their target price on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods upped their price target on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Zacks Research downgraded shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Piper Sandler restated an “overweight” rating and set a $108.00 price objective (up from $105.00) on shares of QCR in a report on Friday, January 30th. Finally, Weiss Ratings raised shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd.

Insider Transactions at QCR

In related news, CFO Todd A. Gipple sold 8,590 shares of QCR 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 sale, the chief financial officer owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. This trade represents a 16.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Klein sold 554 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the sale, the insider owned 738 shares in the company, valued at $60,885. The trade was a 42.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.70% of the company’s stock.

Institutional Trading of QCR

A number of hedge funds and other institutional investors have recently made changes to their positions in QCRH. Assetmark Inc. acquired a new stake in QCR in the fourth quarter valued at $37,000. Farther Finance Advisors LLC increased its stake 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 purchasing an additional 148 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of QCR in the 3rd quarter valued at about $51,000. Kemnay Advisory Services Inc. bought a new stake in shares of QCR in the 4th quarter valued at about $61,000. Finally, Quadrant Capital Group LLC acquired a new stake in QCR in the 3rd quarter valued at about $72,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Stock Up 1.2%

NASDAQ:QCRH opened at $85.45 on Friday. QCR has a 1 year low of $60.83 and a 1 year high of $96.00. 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 market cap of $1.43 billion, a price-to-earnings ratio of 11.38 and a beta of 0.82. The stock has a 50-day moving average price of $87.85 and a two-hundred day moving average price of $82.45.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. QCR had a return on equity of 12.13% and a net margin of 21.07%.The company had revenue of $107.02 million for the quarter, compared to analyst estimates 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders 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 annualized dividend and a dividend yield of 0.5%. This is a positive change from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio (DPR) is 5.33%.

About QCR

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.