QCR Holdings, Inc. (NASDAQ:QCRH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $101.00.

A number of research analysts recently weighed in on QCRH shares. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. DA Davidson boosted their price target on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Raymond James Financial reiterated an “outperform” rating and set a $99.00 price target on shares of QCR in a report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price target on shares of QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Piper Sandler lowered their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th.

QCR Trading Down 1.4%

Shares of QCRH stock opened at $87.58 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 0.96. The stock has a market capitalization of $1.45 billion, a P/E ratio of 10.97 and a beta of 0.77. The company has a 50 day moving average price of $87.39 and a 200 day moving average price of $85.73. QCR has a fifty-two week low of $63.68 and a fifty-two week high of $96.00.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.21. The firm had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. Equities research analysts predict that QCR will post 8.13 EPS for the current fiscal year.

QCR Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were issued a dividend of $0.10 per share. This is a boost from QCR’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 0.5%. QCR’s dividend payout ratio (DPR) is presently 5.01%.

Insider Buying and Selling

In other QCR news, insider James D. Klein sold 554 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total transaction of $45,705.00. Following the completion of the transaction, the insider owned 738 shares in the company, valued at $60,885. The trade was a 42.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in QCR by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock worth $427,000 after acquiring an additional 116 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after acquiring an additional 148 shares in the last quarter. Legal & General Group Plc grew its holdings in QCR by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after acquiring an additional 165 shares in the last quarter. State of New Jersey Common Pension Fund D lifted 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 during the last quarter. Finally, LPL Financial LLC lifted its position in shares of QCR by 3.8% during the 4th quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock worth $434,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds 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.