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

QCR Holdings, Inc. (NASDAQ:QCRH) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $101.00.

A number of research firms have weighed in on QCRH. 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 dropped their price target on QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th.

QCR Stock Up 1.1%

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

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

QCR Announces Dividend

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

Insider Activity at QCR

In other news, insider James D. Klein sold 554 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total transaction of $45,705.00. Following the transaction, the insider 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 Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of QCR

A number of institutional investors have recently modified their holdings of QCRH. Assetmark Inc. purchased a new stake in shares of QCR during the 4th quarter valued at approximately $37,000. Farther Finance Advisors LLC lifted its stake in shares of QCR by 34.6% during the 4th 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. purchased a new stake in shares of QCR during the 4th quarter valued at approximately $61,000. Blue Trust Inc. purchased a new stake in shares of QCR during the 1st quarter valued at approximately $71,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of QCR during the 3rd quarter valued at approximately $72,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

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.