QCR Holdings, Inc. (NASDAQ:QCRH) Receives $90.00 Consensus Price Target from Brokerages

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $90.00.

Several research analysts recently issued reports on QCRH shares. Piper Sandler upped their target price on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Zacks Research raised QCR from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Raymond James Financial reiterated an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of QCR in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of QCR in a report on Monday. Finally, DA Davidson restated a “neutral” rating and issued a $83.00 target price on shares of QCR in a research report on Thursday, October 9th.

Hedge Funds Weigh In On QCR

Several institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in QCR in the 3rd quarter worth $51,000. Quadrant Capital Group LLC bought a new position in shares of QCR during the third quarter valued at about $72,000. Russell Investments Group Ltd. purchased a new position in shares of QCR in the third quarter worth about $104,000. CIBC Bancorp USA Inc. bought a new stake in shares of QCR in the 3rd quarter valued at about $218,000. Finally, EntryPoint Capital LLC bought a new stake in shares of QCR in the 1st quarter valued at about $210,000. Institutional investors own 70.01% of the company’s stock.

QCR Trading Down 0.5%

Shares of QCRH opened at $84.95 on Wednesday. QCR has a 1-year low of $60.83 and a 1-year high of $88.15. The company has a market capitalization of $1.43 billion, a P/E ratio of 11.86 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50 day simple moving average is $79.23 and its 200 day simple moving average is $75.56.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Friday, November 7th. The bank reported $2.17 EPS for the quarter. The business had revenue of $101.45 million during the quarter. QCR had a net margin of 20.64% and a return on equity of 12.04%. Sell-side analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, December 23rd. QCR’s payout ratio is presently 3.35%.

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.