QCR Holdings, Inc. (NASDAQ:QCRH) Receives Average Rating of “Moderate Buy” from Analysts

QCR Holdings, Inc. (NASDAQ:QCRH) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two equities research 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 analysts that have issued a report on the stock in the last year is $101.00.

QCRH has been the subject of several research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $99.00 target price on shares of QCR in a report on Monday, April 27th. DA Davidson upped their target price on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Piper Sandler lowered their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods upped their target price on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 29th.

QCR Trading Down 0.2%

Shares of NASDAQ:QCRH opened at $90.88 on Friday. QCR has a 52 week low of $63.68 and a 52 week high of $96.00. The company’s 50 day moving average is $88.01 and its two-hundred day moving average is $86.27. 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 company has a market cap of $1.50 billion, a PE ratio of 11.39 and a beta of 0.77.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.54%. The business had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. Equities analysts predict that QCR will post 8.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider James D. Klein sold 310 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the sale, the insider owned 428 shares in the company, valued at $38,948. This represents a 42.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QCR

Large investors have recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC purchased a new position in QCR during the 3rd quarter worth $1,228,000. Endeavour Capital Advisors Inc. increased its holdings in shares of QCR by 20.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock valued at $20,155,000 after purchasing an additional 45,389 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of QCR by 144.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank’s stock valued at $5,921,000 after purchasing an additional 46,221 shares in the last quarter. Daytona Street Capital LLC purchased a new position in shares of QCR in the 4th quarter valued at about $897,000. Finally, Kestrel Investment Management Corp purchased a new position in shares of QCR in the 4th quarter valued at about $4,636,000. Hedge funds and other 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.