QCR (NASDAQ:QCRH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

QCR (NASDAQ:QCRH) had its price target boosted by investment analysts at Keefe, Bruyette & Woods from $92.00 to $102.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.01% from the company’s previous close.

Several other equities analysts have also commented on QCRH. Raymond James Financial reaffirmed an “outperform” rating and set a $88.00 target price (up from $85.00) on shares of QCR in a report on Monday, October 27th. DA Davidson restated a “neutral” rating and set a $83.00 price objective on shares of QCR in a research note on Thursday, October 9th. Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Piper Sandler boosted their price target on shares of QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of QCR in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.25.

QCR Stock Down 0.6%

Shares of NASDAQ:QCRH opened at $90.26 on Thursday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.02 and a beta of 0.82. QCR has a 1-year low of $60.83 and a 1-year high of $92.00. The company’s fifty day moving average is $85.30 and its two-hundred day moving average is $78.77. 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 EPS for the quarter, beating the consensus estimate of $1.96 by $0.25. The business had revenue of $107.02 million during the quarter, compared to analyst estimates of $106.87 million. QCR had a net margin of 21.07% and a return on equity of 12.30%. Equities analysts anticipate that QCR will post 6.82 EPS for the current year.

Hedge Funds Weigh In On QCR

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D raised its position in shares of QCR by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after buying an additional 185 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in QCR during the fourth quarter worth approximately $233,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in QCR by 24.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 3,691 shares of the bank’s stock worth $307,000 after purchasing an additional 727 shares during the period. Farther Finance Advisors LLC lifted its position in QCR by 34.6% in 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 during the period. Finally, Assetmark Inc. bought a new position in QCR during the 4th quarter valued at $37,000. Institutional investors own 70.01% of the company’s stock.

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.