QCR Holdings, Inc. (NASDAQ:QCRH) Stock Has Average Target Price of $110.60 According to Analysts

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $110.60.

A number of analysts recently issued reports on QCRH shares. DA Davidson increased their price target on shares of QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Raymond James Financial started coverage on QCR in a report on Thursday, October 1st. They issued an “outperform” rating and a $110.00 price target for the company. Weiss Ratings lowered QCR from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Piper Sandler restated 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 24th.

QCR Price Performance

Shares of NASDAQ QCRH opened at $103.58 on Friday. QCR has a 52 week low of $74.78 and a 52 week high of $108.11. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.69 billion, a P/E ratio of 11.98 and a beta of 0.73. The business’s 50 day moving average price is $100.73 and its 200 day moving average price is $95.05.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, October 20th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. The business had revenue of $99.17 million for the quarter, compared to the consensus estimate of $108.97 million. QCR had a net margin of 23.17% and a return on equity of 12.64%. On average, sell-side analysts expect that QCR will post 8.63 earnings per share for the current year.

QCR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Friday, September 18th were given a dividend of $0.15 per share. The ex-dividend date was Friday, September 18th. This is a positive change from QCR’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. QCR’s dividend payout ratio (DPR) is presently 7.05%.

Institutional Investors Weigh In On QCR

Large investors have recently modified their holdings of the business. Nykredit A S purchased a new position in QCR during the second quarter worth approximately $27,000. Assetmark Inc. grew its stake in shares of QCR by 50.0% in the 1st quarter. Assetmark Inc. now owns 675 shares of the bank’s stock valued at $58,000 after buying an additional 225 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of QCR during the 1st quarter valued at approximately $102,000. Pinnacle Holdings LLC acquired a new stake in QCR during the second quarter worth $162,000. Finally, R Squared Ltd acquired a new position in shares of QCR in the 3rd quarter valued at $309,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

About QCR

QCR Holdings, Inc. is a bank holding company that provides commercial and consumer banking and related financial services through its subsidiary banks. Its offerings include business and personal loans, deposit accounts, treasury management, wealth management and trust services. The company’s banking operations serve communities across Iowa, Illinois, Missouri, Wisconsin and Minnesota. Its subsidiary banks include Quad City Bank & Trust, Cedar Rapids Bank & Trust, Guaranty Bank and National Bank of Commerce.