QCR Holdings, Inc. (NASDAQ:QCRH) Receives $108.75 Consensus Target Price from Analysts

QCR Holdings, Inc. (NASDAQ:QCRH) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $108.75.

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

QCR Stock Performance

QCRH opened at $104.40 on Thursday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 12.34 and a beta of 0.74. The business’s 50-day moving average price is $96.42 and its two-hundred day moving average price is $91.37. QCR has a 1 year low of $66.65 and a 1 year high of $106.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. QCR had a return on equity of 13.00% and a net margin of 22.86%. Equities analysts expect that QCR will post 8.5 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently declared 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 yield of 0.4%. QCR’s payout ratio is 4.73%.

Insider Buying and Selling

In other news, CEO Laura L. Ekizian sold 750 shares of the stock in a transaction dated Tuesday, June 9th. The shares were 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 in the company, valued at $578,591.28. This represents a 10.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by company insiders.

Institutional Trading of QCR

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. bought a new position in QCR in the fourth quarter valued at approximately $37,000. Farther Finance Advisors LLC raised its stake in shares of QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after purchasing an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of QCR in the 4th quarter valued at approximately $61,000. Blue Trust Inc. acquired a new stake in shares of QCR in the 1st quarter valued at approximately $71,000. Finally, Quadrant Capital Group LLC bought a new position in shares of QCR in the third quarter valued at $72,000. Institutional investors 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.