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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $101.00.

Several analysts have issued reports on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Piper Sandler lowered their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th.

QCR Trading Up 1.1%

Shares of QCRH opened at $94.96 on Wednesday. The business’s 50-day moving average price is $90.31 and its 200-day moving average price is $87.64. QCR has a twelve month low of $63.68 and a twelve month high of $96.35. The stock has a market cap of $1.57 billion, a PE ratio of 11.90 and a beta of 0.76. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

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

QCR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s dividend payout ratio is currently 5.01%.

Insider Transactions at QCR

In other QCR news, insider James D. Klein sold 310 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total value of $28,210.00. Following the sale, the insider directly owned 428 shares in the company, valued at $38,948. This represents a 42.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of QCR

Several institutional investors and hedge funds have recently modified their holdings of the business. Kennedy Capital Management LLC raised its holdings in shares of QCR by 9.7% in the 4th quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock valued at $63,480,000 after acquiring an additional 67,517 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of QCR by 715.4% in the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock valued at $30,273,000 after acquiring an additional 351,145 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after acquiring an additional 162,482 shares in the last quarter. Endeavour Capital Advisors Inc. raised its holdings in shares of QCR by 23.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock valued at $27,364,000 after acquiring an additional 62,032 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of QCR by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock valued at $18,438,000 after acquiring an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors 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.