Piper Jaffray Companies set a $55.00 target price on QCR Holdings, Inc. (NASDAQ:QCRH) in a research report released on Friday, October 6th. The brokerage currently has a buy rating on the bank’s stock.
QCRH has been the topic of several other reports. Maxim Group restated a buy rating and issued a $53.00 target price on shares of QCR Holdings in a research note on Thursday, June 15th. BidaskClub lowered QCR Holdings from a sell rating to a strong sell rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods set a $52.00 target price on QCR Holdings and gave the company a buy rating in a research note on Saturday, July 22nd. Finally, ValuEngine upgraded QCR Holdings from a hold rating to a buy rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $53.33.
QCR Holdings (NASDAQ QCRH) opened at 48.45 on Friday. The firm has a 50-day moving average price of $44.82 and a 200-day moving average price of $45.24. QCR Holdings has a one year low of $31.10 and a one year high of $50.00. The firm has a market capitalization of $638.62 million, a price-to-earnings ratio of 19.93 and a beta of 0.61.
QCR Holdings (NASDAQ:QCRH) last issued its earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.01). The firm had revenue of $34.83 million during the quarter, compared to the consensus estimate of $36.49 million. QCR Holdings had a net margin of 21.11% and a return on equity of 11.17%. Analysts expect that QCR Holdings will post $2.74 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Friday, September 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, September 14th. QCR Holdings’s dividend payout ratio (DPR) is presently 8.23%.
In other news, CFO Todd A. Gipple sold 5,920 shares of QCR Holdings stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total value of $254,560.00. Following the completion of the transaction, the chief financial officer now directly owns 49,162 shares in the company, valued at $2,113,966. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Cathie Whiteside sold 2,675 shares of QCR Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.95, for a total value of $122,916.25. Following the completion of the transaction, the executive vice president now owns 12,255 shares of the company’s stock, valued at $563,117.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,450 shares of company stock valued at $646,051. 8.80% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in QCRH. First Quadrant L P CA purchased a new position in shares of QCR Holdings in the second quarter valued at $468,000. Municipal Employees Retirement System of Michigan purchased a new position in QCR Holdings during the second quarter worth about $723,000. Bowling Portfolio Management LLC purchased a new position in QCR Holdings during the second quarter worth about $746,000. Bessemer Group Inc. grew its position in QCR Holdings by 0.4% during the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock worth $1,104,000 after buying an additional 100 shares in the last quarter. Finally, Busey Trust CO purchased a new position in QCR Holdings during the second quarter worth about $213,000. Institutional investors own 62.07% of the company’s stock.
QCR Holdings Company Profile
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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