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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $108.75.

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

QCR Price Performance

Shares of QCRH stock opened at $100.63 on Monday. QCR has a 1 year low of $66.65 and a 1 year high of $108.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98. The business’s fifty day moving average is $100.07 and its 200-day moving average is $93.18. The stock has a market cap of $1.65 billion, a PE ratio of 11.89 and a beta of 0.74.

QCR (NASDAQ:QCRH) last announced 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. The business had revenue of $97.34 million during the quarter, compared to analyst estimates of $104.10 million. QCR had a return on equity of 12.87% and a net margin of 22.86%. Equities analysts expect that QCR will post 8.5 earnings per share for the current fiscal year.

QCR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.15 per share. This is a boost from QCR’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, September 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. QCR’s dividend payout ratio is currently 4.73%.

Insider Buying and Selling

In other news, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 of the company’s stock, valued at $578,591.28. This trade represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QCR

A number of hedge funds have recently bought and sold shares of the company. Nykredit A S acquired a new stake in QCR in the 2nd quarter valued at approximately $27,000. Assetmark Inc. bought a new stake in shares of QCR in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC grew its stake in shares of QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after acquiring an additional 148 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in QCR during the fourth quarter worth $61,000. Finally, Blue Trust Inc. acquired a new position in QCR during the 1st quarter valued at $71,000. 70.01% of the stock is currently owned by institutional investors.

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.