QCR Holdings, Inc. (NASDAQ:QCRH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

QCR Holdings, Inc. (NASDAQ:QCRH) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $101.00.

A number of research firms recently weighed in on QCRH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price target on shares of QCR in a research report on Monday, April 27th. Finally, Piper Sandler cut their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th.

Insider Transactions at QCR

In related 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Klein sold 310 shares of the 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 completion of the sale, the insider owned 428 shares in the company, valued at approximately $38,948. This trade represents a 42.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QCR

Large investors have recently modified their holdings of the stock. Assetmark Inc. bought a new stake in shares of QCR during the 4th quarter worth about $37,000. Farther Finance Advisors LLC raised its holdings in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after acquiring an additional 148 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in QCR during the fourth quarter worth approximately $61,000. Blue Trust Inc. acquired a new stake in QCR during the first quarter worth approximately $71,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of QCR during the third quarter worth approximately $72,000. 70.01% of the stock is owned by institutional investors.

QCR Stock Up 0.5%

NASDAQ QCRH traded up $0.47 during trading on Friday, hitting $96.50. The stock had a trading volume of 78,309 shares, compared to its average volume of 129,816. QCR has a 12 month low of $66.65 and a 12 month high of $99.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The company’s 50-day moving average price is $93.36 and its two-hundred day moving average price is $89.55. The company has a market capitalization of $1.59 billion, a PE ratio of 12.09 and a beta of 0.75.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.21. The company had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. As a group, sell-side analysts forecast that QCR will post 8.13 EPS for the current year.

QCR Announces Dividend

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

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.