QCR Holdings, Inc. (NASDAQ:QCRH – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $101.00.
Several analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. DA Davidson boosted their price objective on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Raymond James Financial restated an “outperform” rating and set a $99.00 price objective on shares of QCR in a research report on Monday, April 27th. Keefe, Bruyette & Woods upped their price target on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd.
Insider Buying and Selling
Institutional Trading of QCR
Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. purchased a new stake in QCR in the 4th quarter valued at $37,000. Farther Finance Advisors LLC raised its position 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 purchasing an additional 148 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in QCR in the 3rd quarter valued at $51,000. Kemnay Advisory Services Inc. purchased a new stake in QCR in the 4th quarter valued at $61,000. Finally, Blue Trust Inc. purchased a new stake in QCR in the 1st quarter valued at $71,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.
QCR Stock Down 1.4%
Shares of NASDAQ:QCRH opened at $87.58 on Friday. The company has a market capitalization of $1.45 billion, a PE ratio of 10.97 and a beta of 0.77. The company has a current ratio of 0.96, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. QCR has a twelve month low of $63.68 and a twelve month high of $96.00. The firm has a 50 day simple moving average of $87.39 and a 200-day simple moving average of $85.73.
QCR (NASDAQ:QCRH – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $89.52 million during the quarter, compared to the consensus estimate of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. On average, equities analysts predict that QCR will post 8.13 EPS for the current fiscal year.
QCR Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 19th were given a $0.10 dividend. This is a positive change from QCR’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 0.5%. QCR’s payout ratio 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.
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