Analysts Set QCR Holdings, Inc. (NASDAQ:QCRH) Price Target at $108.75

QCR Holdings, Inc. (NASDAQ:QCRH) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $108.75.

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. DA Davidson raised their price target on shares of QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Piper Sandler restated an “overweight” rating and set a $123.00 price target (up from $107.00) on shares of QCR in a report on Monday, July 27th.

Insider Buying and Selling at QCR

In other news, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the transaction, the chief executive officer owned 6,093 shares in the company, valued at $578,591.28. The trade was a 10.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is owned by insiders.

Institutional Trading of QCR

A number of hedge funds have recently bought and sold shares of QCRH. Assetmark Inc. bought a new position in QCR in the 4th quarter valued at $37,000. Farther Finance Advisors LLC increased its position 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 purchasing an additional 148 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of QCR during the 4th quarter worth $61,000. Blue Trust Inc. purchased a new position in shares of QCR in the 1st quarter worth about $71,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of QCR in the 3rd quarter worth about $72,000. 70.01% of the stock is currently owned by institutional investors.

QCR Stock Performance

Shares of QCRH opened at $105.34 on Thursday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 12.45 and a beta of 0.74. QCR has a 52 week low of $66.65 and a 52 week high of $106.55. The stock has a 50 day moving average price of $96.95 and a two-hundred day moving average price of $91.64. 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 announced its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) 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 company had revenue of $97.34 million for the quarter, compared to analysts’ expectations of $104.10 million. Equities analysts forecast that QCR will post 8.5 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th were given a dividend of $0.10 per share. 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%.

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.