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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $108.75.

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

QCR Stock Down 0.3%

Shares of QCR stock opened at $102.94 on Thursday. The company has a market capitalization of $1.70 billion, a P/E ratio of 12.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. The business has a 50-day moving average of $95.67 and a two-hundred day moving average of $90.95. QCR has a 1 year low of $66.65 and a 1 year high of $104.29.

QCR (NASDAQ:QCRH) last released its quarterly earnings data 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. QCR had a return on equity of 13.00% and a net margin of 22.86%.The business had revenue of $97.34 million for the quarter, compared to analysts’ expectations of $104.10 million. As a group, equities analysts predict that QCR will post 8.5 EPS for the current 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 of this dividend was Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. QCR’s dividend payout ratio (DPR) is currently 4.73%.

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 750 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total transaction of $71,220.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QCR

A number of hedge funds and other institutional investors have recently bought and sold shares of QCRH. AQR Capital Management LLC lifted its stake in QCR by 20.7% in the 1st quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock valued at $2,744,000 after acquiring an additional 6,607 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of QCR by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock worth $694,000 after acquiring an additional 403 shares in the last quarter. Millennium Management LLC raised its holdings in shares of QCR by 124.5% in the first 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 during the last quarter. Jane Street Group LLC raised its holdings in shares of QCR by 106.5% in the first 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 during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of QCR by 1.0% in the second 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 during the last quarter. Institutional investors and hedge funds 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.