QCR (NASDAQ:QCRH) Now Covered by Analysts at Stephens

Equities research analysts at Stephens began coverage on shares of QCR (NASDAQ:QCRH) in a research note issued to investors on Friday, Benzinga reports. The brokerage set an “equal weight” rating and a $107.00 price target on the bank’s stock. Stephens’ price objective points to a potential upside of 6.07% from the company’s previous close.

A number of other research firms also recently issued reports on QCRH. Keefe, Bruyette & Woods increased their target price on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. DA Davidson upped their price target on shares of QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $123.00 price objective (up from $107.00) on shares of QCR in a research report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.40.

QCR Stock Down 0.1%

Shares of QCR stock opened at $100.88 on Friday. QCR has a 1 year low of $66.65 and a 1 year high of $108.11. The company has a market cap of $1.65 billion, a P/E ratio of 11.92 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $101.51 and a 200 day moving average price of $94.23.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The business had revenue of $97.34 million during the quarter, compared to analyst estimates of $104.10 million. As a group, analysts expect that QCR will post 8.5 EPS for the current fiscal year.

Hedge Funds Weigh In On QCR

Several hedge funds have recently bought and sold shares of QCRH. Wellington Management Group LLP lifted its holdings in QCR by 18.4% in the 2nd quarter. Wellington Management Group LLP now owns 284,295 shares of the bank’s stock worth $27,676,000 after purchasing an additional 44,106 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of QCR in the fourth quarter worth $1,245,000. WCM Investment Management LLC boosted its holdings in shares of QCR by 16.9% during the 1st quarter. WCM Investment Management LLC now owns 71,300 shares of the bank’s stock worth $6,018,000 after buying an additional 10,314 shares during the period. Globeflex Capital L P acquired a new position in QCR in the 2nd quarter valued at $1,767,000. Finally, Jackson Creek Investment Advisors LLC lifted its position in QCR by 40.9% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 22,864 shares of the bank’s stock worth $1,905,000 after acquiring an additional 6,633 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

About QCR

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.