QCR Holdings, Inc. (NASDAQ:QCRH) Receives $108.75 Average PT from Analysts

QCR Holdings, Inc. (NASDAQ:QCRH) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $108.75.

QCRH has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of QCR in a research note on Monday, July 6th. DA Davidson raised their target price on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $123.00 price target (up from $107.00) on shares of QCR in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods increased their price objective on QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, July 24th.

QCR Stock Down 0.1%

QCRH stock opened at $100.63 on Monday. 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 firm has a market capitalization of $1.65 billion, a P/E ratio of 11.89 and a beta of 0.74. QCR has a 52-week low of $66.65 and a 52-week high of $108.11. The company’s 50 day simple moving average is $100.07 and its 200-day simple moving average is $93.18.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.28. The firm had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. QCR had a return on equity of 12.87% and a net margin of 22.86%. As a group, equities research analysts anticipate that QCR will post 8.5 EPS for the current year.

QCR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Friday, September 18th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. This is a positive change from QCR’s previous quarterly dividend of $0.10. QCR’s dividend payout ratio (DPR) is presently 4.73%.

Insiders Place Their Bets

In other QCR news, CEO Laura L. Ekizian sold 750 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the sale, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at $578,591.28. This represents a 10.96% decrease in their position. The sale 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 insiders.

Institutional Investors Weigh In On QCR

Several institutional investors and hedge funds have recently bought and sold shares of QCRH. Nykredit A S bought a new stake in shares of QCR in the 2nd quarter worth about $27,000. Assetmark Inc. bought a new position in QCR during the 4th quarter valued at about $37,000. Farther Finance Advisors LLC boosted its position 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 in the last quarter. Kemnay Advisory Services Inc. acquired a new position in QCR in the fourth quarter valued at about $61,000. Finally, Blue Trust Inc. bought a new stake in QCR during the first quarter worth about $71,000. 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.