QCR (NASDAQ:QCRH) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their outperform rating on shares of QCR (NASDAQ:QCRH) in a research note released on Monday, Benzinga reports. Keefe, Bruyette & Woods currently has a $82.00 price objective on the bank’s stock, up from their previous price objective of $70.00.

QCR Stock Performance

Shares of QCRH opened at $73.49 on Monday. The company has a market capitalization of $1.24 billion, a PE ratio of 10.95 and a beta of 0.96. QCR has a one year low of $45.83 and a one year high of $79.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.95. The company’s fifty day moving average price is $61.43 and its 200 day moving average price is $58.85.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 24th. The bank reported $1.73 EPS for the quarter, topping the consensus estimate of $1.39 by $0.34. The firm had revenue of $150.64 million for the quarter, compared to the consensus estimate of $82.20 million. QCR had a net margin of 19.37% and a return on equity of 13.14%. During the same quarter last year, the firm posted $1.69 EPS. As a group, analysts expect that QCR will post 6.18 earnings per share for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.24 annualized dividend and a yield of 0.33%. QCR’s dividend payout ratio is 3.58%.

Institutional Trading of QCR

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in QCR by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock worth $59,907,000 after purchasing an additional 24,251 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of QCR during the 4th quarter valued at about $1,734,000. Denali Advisors LLC boosted its position in shares of QCR by 111.4% during the 1st quarter. Denali Advisors LLC now owns 18,600 shares of the bank’s stock valued at $1,130,000 after acquiring an additional 9,800 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of QCR by 25.0% during the 4th quarter. New York State Common Retirement Fund now owns 9,042 shares of the bank’s stock valued at $528,000 after acquiring an additional 1,807 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of QCR by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 912,313 shares of the bank’s stock valued at $44,265,000 after acquiring an additional 15,587 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.