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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $102.25.

A number of brokerages recently weighed in on QCRH. DA Davidson lifted their target price on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Piper Sandler reiterated an “overweight” rating and set a $108.00 target price (up previously from $105.00) on shares of QCR in a report on Friday, January 30th. Raymond James Financial reiterated an “outperform” rating and set a $103.00 price objective on shares of QCR in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th.

Insider Activity

In other news, CFO Todd A. Gipple sold 8,590 shares of QCR stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $89.92, for a total transaction of $772,412.80. Following the sale, the chief financial officer directly owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On QCR

A number of hedge funds have recently bought and sold shares of QCRH. Jackson Creek Investment Advisors LLC bought a new position in QCR during the third quarter worth $1,228,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of QCR during the second quarter worth $1,829,000. Kennedy Capital Management LLC lifted its position in shares of QCR by 33.6% in the 2nd quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock worth $22,656,000 after buying an additional 83,977 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of QCR by 8.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 27,616 shares of the bank’s stock valued at $1,875,000 after buying an additional 2,195 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of QCR by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock valued at $29,549,000 after buying an additional 11,033 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Price Performance

QCRH opened at $91.61 on Thursday. QCR has a 1 year low of $60.83 and a 1 year high of $96.00. The company’s 50 day simple moving average is $87.02 and its 200 day simple moving average is $79.84. The stock has a market capitalization of $1.54 billion, a PE ratio of 12.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.30%. The company had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. As a group, sell-side analysts expect that QCR will post 6.82 EPS for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. QCR’s dividend payout ratio is presently 3.20%.

QCR Company Profile

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.