QCR (NASDAQ:QCRH) Stock Rating Upgraded by Stephens

QCR (NASDAQ:QCRH) was upgraded by investment analysts at Stephens to a “hold” rating in a research report issued on Thursday, Zacks reports.

A number of other brokerages have also weighed in on QCRH. DA Davidson lifted their price objective on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods increased their target price on QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Piper Sandler reissued an “overweight” rating and set a $123.00 target price (up from $107.00) on shares of QCR in a research note on Monday, July 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.40.

QCR Price Performance

Shares of NASDAQ QCRH opened at $99.98 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average price of $101.58 and a 200 day moving average price of $94.27. QCR has a 1-year low of $66.65 and a 1-year high of $108.11. The company has a market cap of $1.64 billion, a PE ratio of 11.82 and a beta of 0.73.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that QCR will post 8.5 EPS for the current year.

Institutional Trading of QCR

A number of institutional investors have recently added to or reduced their stakes in QCRH. Cetera Investment Advisers increased its holdings in QCR by 2.4% in the first quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock valued at $427,000 after buying an additional 116 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of QCR by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 3,023 shares of the bank’s stock valued at $252,000 after acquiring an additional 195 shares during the period. Assetmark Inc. boosted its stake in shares of QCR by 50.0% during the 1st quarter. Assetmark Inc. now owns 675 shares of the bank’s stock worth $58,000 after acquiring an additional 225 shares in the last quarter. Nykredit A S purchased a new stake in shares of QCR during the 2nd quarter worth approximately $27,000. Finally, Lazard Asset Management LLC grew its holdings in shares of QCR by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 18,827 shares of the bank’s stock worth $1,609,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Company Profile

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.