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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $90.00.

QCRH has been the topic of a number of research analyst reports. Wall Street Zen raised QCR from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Weiss Ratings lowered QCR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Zacks Research raised QCR from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Raymond James Financial reissued an “outperform” rating and set a $88.00 price objective (up previously from $85.00) on shares of QCR in a research note on Monday, October 27th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of QCR in a research note on Friday, July 25th.

Insider Buying and Selling

In other QCR news, CEO Laura L. Ekizian sold 333 shares of QCR stock in a transaction on Friday, September 5th. The stock was sold at an average price of $80.00, for a total value of $26,640.00. Following the sale, the chief executive officer owned 5,632 shares in the company, valued at $450,560. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QCR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QCRH. New Age Alpha Advisors LLC purchased a new stake in QCR in the first quarter valued at $46,000. State of Alaska Department of Revenue purchased a new stake in QCR in the third quarter valued at $51,000. EntryPoint Capital LLC purchased a new stake in QCR in the first quarter valued at $210,000. Entropy Technologies LP purchased a new stake in QCR in the second quarter valued at $210,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in QCR in the third quarter valued at $224,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Stock Performance

Shares of NASDAQ:QCRH opened at $75.29 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day moving average price is $75.70 and its 200-day moving average price is $71.89. The firm has a market capitalization of $1.28 billion, a PE ratio of 10.52 and a beta of 0.83. QCR has a 1 year low of $60.83 and a 1 year high of $96.08.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.44. The firm had revenue of $101.45 million for the quarter, compared to analyst estimates of $100.95 million. QCR had a return on equity of 12.22% and a net margin of 20.64%. As a group, equities research analysts expect that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Thursday, September 18th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. QCR’s payout ratio is 3.35%.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.