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

QCR Holdings, Inc. (NASDAQ:QCRH) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $101.00.

Several research firms recently issued reports on QCRH. Piper Sandler reduced their price target on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Raymond James Financial restated an “outperform” rating and issued a $99.00 price target on shares of QCR in a research note on Monday, April 27th.

QCR Stock Up 0.8%

QCRH stock opened at $95.44 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.58 billion, a PE ratio of 11.96 and a beta of 0.76. QCR has a 1-year low of $63.68 and a 1-year high of $97.25. The business’s 50 day simple moving average is $91.26 and its 200 day simple moving average is $88.22.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. The business had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. As a group, research analysts anticipate that QCR will post 8.13 EPS for the current year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s payout ratio is 5.01%.

Insider Buying and Selling at QCR

In related news, insider James D. Klein sold 310 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total value of $28,210.00. Following the completion of the sale, the insider directly owned 428 shares in the company, valued at $38,948. The trade was a 42.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction on 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 trade represents a 10.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.20% of the company’s stock.

Institutional Trading of QCR

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in QCR by 101.5% in the 1st quarter. Bank of America Corp DE now owns 42,709 shares of the bank’s stock valued at $3,649,000 after purchasing an additional 21,517 shares during the period. Rhino Investment Partners Inc lifted its position in shares of QCR by 122.1% during the 1st quarter. Rhino Investment Partners Inc now owns 133,324 shares of the bank’s stock valued at $11,393,000 after acquiring an additional 73,308 shares during the period. Quantinno Capital Management LP lifted its position in shares of QCR by 25.4% during the 1st quarter. Quantinno Capital Management LP now owns 4,537 shares of the bank’s stock valued at $388,000 after acquiring an additional 918 shares during the period. Lazard Asset Management LLC lifted its position in shares of QCR by 1.9% during the 1st quarter. Lazard Asset Management LLC now owns 18,827 shares of the bank’s stock valued at $1,609,000 after acquiring an additional 354 shares during the period. Finally, Lido Advisors LLC lifted its position in shares of QCR by 28.6% during the 1st quarter. Lido Advisors LLC now owns 23,500 shares of the bank’s stock valued at $2,008,000 after acquiring an additional 5,233 shares during the period. 70.01% of the stock is currently owned by institutional investors.

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.