QCR Holdings, Inc. (NASDAQ:QCRH) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

QCR Holdings, Inc. (NASDAQ:QCRH) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $108.40.

QCRH has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $123.00 price target (up from $107.00) on shares of QCR in a research note on Monday, July 27th. Stephens began coverage on shares of QCR in a research note on Friday, September 18th. They set an “equal weight” rating and a $107.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Finally, DA Davidson lifted their price target on shares of QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, July 27th.

Institutional Trading of QCR

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in QCR by 18.4% in the second quarter. Wellington Management Group LLP now owns 284,295 shares of the bank’s stock valued at $27,676,000 after acquiring an additional 44,106 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of QCR in the second quarter valued at approximately $1,767,000. Hsbc Holdings PLC bought a new stake in shares of QCR in the fourth quarter valued at approximately $1,245,000. WCM Investment Management LLC lifted its position in shares of QCR by 16.9% during the first quarter. WCM Investment Management LLC now owns 71,300 shares of the bank’s stock worth $6,018,000 after acquiring an additional 10,314 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC lifted its holdings in QCR by 40.9% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 22,864 shares of the bank’s stock worth $1,905,000 after purchasing an additional 6,633 shares in the last quarter. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Trading Up 1.3%

Shares of NASDAQ:QCRH opened at $100.42 on Friday. QCR has a 52-week low of $66.65 and a 52-week high of $108.11. The company has a market capitalization of $1.64 billion, a P/E ratio of 11.87 and a beta of 0.73. The company has a 50-day simple moving average of $101.74 and a 200 day simple moving average of $94.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The company had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. Sell-side analysts forecast that QCR will post 8.46 earnings per share for the current year.

QCR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.15 per share. This is a boost from QCR’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, September 18th. This represents a $0.60 annualized dividend and a yield of 0.6%. QCR’s dividend payout ratio (DPR) is 7.09%.

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.