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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $108.75.

Several research firms recently issued reports on QCRH. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Keefe, Bruyette & Woods raised their price target on QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price target on shares of QCR in a research report on Monday, April 27th. DA Davidson upped their price objective on QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Piper Sandler reissued an “overweight” rating and issued a $123.00 price objective (up from $107.00) on shares of QCR in a report on Monday.

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the transaction, the chief executive officer directly owned 6,093 shares in the company, valued at $578,591.28. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QCR

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. bought a new position in QCR during the fourth quarter worth about $37,000. Farther Finance Advisors LLC raised its stake in QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after buying an additional 148 shares during the period. Kemnay Advisory Services Inc. bought a new stake in QCR in the fourth quarter valued at approximately $61,000. Blue Trust Inc. acquired a new stake in shares of QCR in the first quarter valued at approximately $71,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of QCR in the third quarter valued at approximately $72,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Trading Down 0.3%

Shares of NASDAQ:QCRH opened at $102.94 on Thursday. The company’s 50-day moving average price is $95.67 and its two-hundred day moving average price is $90.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. QCR has a one year low of $66.65 and a one year high of $104.29. The stock has a market capitalization of $1.70 billion, a PE ratio of 12.17 and a beta of 0.75.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.28. The company had revenue of $97.34 million during the quarter, compared to the consensus estimate of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 13.00%. On average, equities analysts forecast that QCR will post 8.5 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th were paid a $0.10 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR’s dividend payout ratio (DPR) is currently 4.73%.

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.