Brokerages Set QCR Holdings, Inc. (NASDAQ:QCRH) Price Target at $102.25

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities 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 analysts that have updated their coverage on the stock in the last year is $102.25.

Several brokerages have weighed in on QCRH. DA Davidson increased their target price on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $103.00 price objective on shares of QCR in a research report on Friday, January 30th. Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Piper Sandler restated an “overweight” rating and set a $108.00 price target (up from $105.00) on shares of QCR in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th.

QCR Price Performance

NASDAQ:QCRH opened at $83.05 on Monday. QCR has a 52 week low of $60.83 and a 52 week high of $96.00. The stock’s fifty day moving average is $88.24 and its two-hundred day moving average is $81.80. The company has a market capitalization of $1.39 billion, a P/E ratio of 11.06 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.57.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. The business had revenue of $107.02 million during the quarter, compared to analysts’ expectations of $106.87 million. QCR had a return on equity of 12.13% and a net margin of 21.07%. Equities analysts expect that QCR will post 6.82 EPS for the current year.

QCR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 0.5%. This is an increase from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio is presently 3.20%.

Insider Activity

In other news, CFO Todd A. Gipple sold 8,590 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $89.92, for a total value of $772,412.80. Following the completion of the transaction, the chief financial officer owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. This trade represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On QCR

A number of hedge funds have recently added to or reduced their stakes in QCRH. Assetmark Inc. acquired a new position in shares of QCR in the fourth quarter worth $37,000. Farther Finance Advisors LLC boosted its holdings in QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after purchasing an additional 148 shares during the period. State of Alaska Department of Revenue acquired a new position in QCR during the 3rd quarter worth $51,000. Kemnay Advisory Services Inc. purchased a new stake in QCR during the 4th quarter worth about $61,000. Finally, Quadrant Capital Group LLC purchased a new stake in QCR during the 3rd quarter worth about $72,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

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.