Analysts Set QCR Holdings, Inc. (NASDAQ:QCRH) Target Price at $101.00

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $101.00.

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

QCR Stock Up 3.2%

NASDAQ:QCRH opened at $91.31 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of 11.44 and a beta of 0.77. The stock has a 50 day moving average of $87.72 and a 200-day moving average of $86.12. QCR has a 52 week low of $63.68 and a 52 week high of $96.00. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37.

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

Insider Transactions at QCR

In related news, insider James D. Klein sold 554 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the transaction, the insider directly owned 738 shares of the company’s stock, valued at $60,885. This represents a 42.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On QCR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QCRH. AQR Capital Management LLC boosted its stake in QCR by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock valued at $2,744,000 after purchasing an additional 6,607 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in QCR by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock valued at $694,000 after purchasing an additional 403 shares in the last quarter. Millennium Management LLC boosted its stake in QCR by 124.5% during the 1st quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock valued at $7,031,000 after purchasing an additional 54,678 shares in the last quarter. Jane Street Group LLC boosted its stake in QCR by 106.5% during the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock valued at $2,143,000 after purchasing an additional 15,501 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in QCR by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 165 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

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.