Analysts Set QCR Holdings, Inc. (NASDAQ:QCRH) Target Price at $101.00

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $101.00.

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research note on Monday. Finally, Piper Sandler lowered their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th.

QCR Stock Up 1.6%

Shares of QCR stock opened at $96.03 on Friday. 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 has a 52-week low of $66.65 and a 52-week high of $99.87. The company’s 50 day moving average price is $93.24 and its 200-day moving average price is $89.50. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.03 and a beta of 0.75.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. The business had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. Equities research analysts forecast that QCR will post 8.13 EPS for the current year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 18th. QCR’s dividend payout ratio (DPR) is presently 5.01%.

Insider Activity at QCR

In other QCR news, CEO Laura L. Ekizian sold 750 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 6,093 shares in the company, valued at approximately $578,591.28. This represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were 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. This represents a 42.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in shares of QCR by 2.4% during the first quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock valued at $427,000 after purchasing an additional 116 shares during the last quarter. Farther Finance Advisors LLC increased its position in 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 buying an additional 148 shares in the last quarter. Legal & General Group Plc increased its position in QCR by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after buying an additional 165 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in QCR by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock valued at $2,365,000 after buying an additional 185 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of QCR by 3.8% in the fourth quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock worth $434,000 after acquiring an additional 191 shares during the last quarter. 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.