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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $101.00.

A number of brokerages recently issued reports on QCRH. Piper Sandler decreased their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 target price on shares of QCR in a research note on Monday, April 27th.

QCR Stock Performance

QCR stock opened at $96.65 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $92.78 and a two-hundred day moving average price of $89.21. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 12.11 and a beta of 0.75. QCR has a 52-week low of $66.65 and a 52-week high of $99.87.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. The company had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. Sell-side analysts expect that QCR will post 8.13 earnings per share for the current year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 18th. QCR’s dividend payout ratio (DPR) is 5.01%.

Insider Transactions at QCR

In related news, CEO Laura L. Ekizian sold 750 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at $578,591.28. This represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James D. Klein sold 310 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the transaction, the insider directly owned 428 shares in the company, valued at approximately $38,948. The trade was a 42.01% decrease in their position. The SEC filing for this sale provides additional information. 3.20% of the stock is owned by insiders.

Institutional Trading of QCR

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. acquired a new stake in QCR in the 4th quarter valued at about $37,000. Farther Finance Advisors LLC boosted its holdings in QCR by 34.6% during the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after buying an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in QCR in the fourth quarter worth approximately $61,000. Blue Trust Inc. bought a new position in shares of QCR in the first quarter valued at $71,000. Finally, Quadrant Capital Group LLC bought a new position in shares of QCR in the third quarter valued at $72,000. Institutional investors own 70.01% of the company’s stock.

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.