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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $101.00.

QCRH has been the subject of several research reports. Piper Sandler reduced 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 reaffirmed an “outperform” rating and set a $99.00 price objective on shares of QCR in a report on Monday, April 27th.

QCR Stock Performance

Shares of QCRH stock opened at $96.33 on Wednesday. The stock has a fifty day moving average price of $90.95 and a 200 day moving average price of $88.03. The stock has a market cap of $1.59 billion, a PE ratio of 12.07 and a beta of 0.76. QCR has a 1 year low of $63.68 and a 1 year high of $97.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96.

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 the consensus estimate of $1.78 by $0.21. The firm had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. Sell-side analysts forecast that QCR will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

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

Insider Buying and Selling at QCR

In related news, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction on 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 approximately $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James D. Klein sold 310 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total value of $28,210.00. Following the transaction, the insider directly owned 428 shares of the company’s stock, valued at $38,948. The trade was a 42.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On QCR

Several hedge funds have recently bought and sold shares of QCRH. Kennedy Capital Management LLC increased its position in QCR by 108.2% during the third quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock worth $52,536,000 after buying an additional 360,884 shares in the last quarter. Victory Capital Management Inc. increased its position in QCR by 715.4% during the third quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after buying an additional 351,145 shares in the last quarter. Schroder Investment Management Group increased its position in QCR by 86.2% during the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after buying an additional 162,482 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in QCR during the third quarter worth $9,825,000. Finally, Rhino Investment Partners Inc increased its position in QCR by 122.1% during the first quarter. Rhino Investment Partners Inc now owns 133,324 shares of the bank’s stock worth $11,393,000 after buying an additional 73,308 shares in the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

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.