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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $108.75.

A number of equities research analysts recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $99.00 price objective on shares of QCR in a report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Piper Sandler reiterated an “overweight” rating and issued a $123.00 price objective (up from $107.00) on shares of QCR in a research note on Monday, July 27th. Keefe, Bruyette & Woods lifted their price target on QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, DA Davidson increased their target price on shares of QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, July 27th.

QCR Price Performance

Shares of NASDAQ QCRH opened at $101.23 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The company’s 50-day simple moving average is $99.50 and its 200-day simple moving average is $92.93. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 11.97 and a beta of 0.74. QCR has a 52-week low of $66.65 and a 52-week high of $108.11.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million for the quarter, compared to analysts’ expectations of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 12.87%. Equities analysts predict that QCR will post 8.5 EPS for the current fiscal year.

Insider Transactions at QCR

In other QCR news, CEO Laura L. Ekizian sold 750 shares of QCR 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 transaction, the chief executive officer directly owned 6,093 shares in the company, valued at approximately $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On QCR

A number of hedge funds have recently added to or reduced their stakes in QCRH. Nykredit A S purchased a new position in shares of QCR in the 2nd quarter valued at about $27,000. Assetmark Inc. acquired a new stake in shares of QCR in the 4th quarter worth approximately $37,000. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of QCR in the fourth quarter valued at $61,000. Finally, Blue Trust Inc. acquired a new position in shares of QCR during the 1st quarter worth $71,000. Institutional investors and hedge funds 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.