QCR Holdings, Inc. (NASDAQ:QCRH) Stock Has Average Price Target of $110.60

QCR Holdings, Inc. (NASDAQ:QCRH) has received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $110.60.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods increased their target price on QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial began coverage on QCR in a report on Thursday, October 1st. They issued an “outperform” rating and a $110.00 price target on the stock. Stephens began coverage on QCR in a research report on Friday, September 18th. They issued an “equal weight” rating and a $107.00 price target for the company. Piper Sandler restated an “overweight” rating and set a $123.00 price objective (up from $107.00) on shares of QCR in a research note on Monday, July 27th. Finally, DA Davidson raised their price objective on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, July 27th.

QCR Trading Down 1.4%

NASDAQ:QCRH opened at $97.48 on Tuesday. The firm has a 50-day simple moving average of $100.78 and a 200-day simple moving average of $96.57. QCR has a one year low of $68.05 and a one year high of $108.11. The firm has a market cap of $1.60 billion, a P/E ratio of 11.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.28. The firm had revenue of $97.34 million for the quarter, compared to the consensus estimate of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 12.87%. Equities analysts anticipate that QCR will post 8.47 EPS for the current fiscal year.

QCR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, September 18th were issued a $0.15 dividend. This is a boost from QCR’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, September 18th. QCR’s dividend payout ratio is presently 7.09%.

Institutional Trading of QCR

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its position in shares of QCR by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock valued at $427,000 after acquiring an additional 116 shares during the last quarter. Assetmark Inc. increased its position in QCR by 50.0% during the first quarter. Assetmark Inc. now owns 675 shares of the bank’s stock worth $58,000 after purchasing an additional 225 shares during the last quarter. Nykredit A S acquired a new stake in QCR during the second quarter worth about $27,000. Lazard Asset Management LLC raised its stake in QCR by 1.9% during the first quarter. Lazard Asset Management LLC now owns 18,827 shares of the bank’s stock worth $1,609,000 after purchasing an additional 354 shares during the period. Finally, Blue Trust Inc. purchased a new position in QCR during the first quarter worth about $71,000. 70.01% of the stock is currently owned by institutional investors.

QCR Company Profile

QCR Holdings, Inc is a bank holding company headquartered in Moline, Illinois. Through its community banking subsidiaries, the company provides financial services to businesses, professionals, individuals and institutions in selected Midwestern markets.

Its banking operations offer commercial and consumer lending, deposit accounts, treasury and cash-management services, mortgage lending, online and mobile banking, and other traditional banking products. The company also provides wealth management, trust, investment and related financial services through affiliated businesses.

QCR Holdings operates through banks including Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank and Springfield First Community Bank.