QCR Holdings, Inc. (QCRH) – What Are Brokerages Saying About This Stock?

QCR Holdings, Inc. (NASDAQ:QCRH) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $110.60.

A number of analysts recently weighed in on QCRH shares. Raymond James Financial began coverage on shares of QCR in a report on Thursday, October 1st. They issued an “outperform” rating and a $110.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Stephens began coverage on QCR in a research note on Friday, September 18th. They issued an “equal weight” rating and a $107.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research note on Friday, October 2nd. Finally, DA Davidson raised their price target on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, July 27th.

Hedge Funds Weigh In On QCR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in shares of QCR by 2.4% during the first quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock worth $427,000 after acquiring an additional 116 shares during the period. Assetmark Inc. boosted its stake in QCR by 50.0% in the 1st quarter. Assetmark Inc. now owns 675 shares of the bank’s stock worth $58,000 after purchasing an additional 225 shares during the period. Nykredit A S acquired a new position in QCR in the 2nd quarter worth $27,000. Lazard Asset Management LLC boosted its stake in QCR by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 18,827 shares of the bank’s stock worth $1,609,000 after purchasing an additional 354 shares during the period. Finally, Blue Trust Inc. bought a new position in QCR during the 1st quarter worth about $71,000. Institutional investors own 70.01% of the company’s stock.

QCR Trading Up 0.1%

Shares of QCRH opened at $98.86 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 11.69 and a beta of 0.74. The stock has a fifty day moving average price of $100.91 and a two-hundred day moving average price of $96.40. QCR has a 52-week low of $66.71 and a 52-week high of $108.11.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million for the quarter, compared to analysts’ expectations of $104.10 million. QCR had a return on equity of 12.87% and a net margin of 22.86%. Analysts predict that QCR will post 8.47 EPS for the current fiscal year.

QCR Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, September 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, September 18th. This is a positive change from QCR’s previous quarterly dividend of $0.10. QCR’s dividend payout ratio is presently 7.09%.

About QCR

QCR Holdings, Inc is a bank holding company headquartered in Moline, Illinois. Through its community banking subsidiaries, the company provides financial services to businesses, professionals, individuals and institutions in selected Midwestern markets.

Its banking operations offer commercial and consumer lending, deposit accounts, treasury and cash-management services, mortgage lending, online and mobile banking, and other traditional banking products. The company also provides wealth management, trust, investment and related financial services through affiliated businesses.

QCR Holdings operates through banks including Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank and Springfield First Community Bank.