QCR Holdings, Inc. (NASDAQ:QCRH) Stock Has Consensus Target Price of $110.60 According to Brokerages

QCR Holdings, Inc. (NASDAQ:QCRH – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $110.60.

A number of equities research analysts recently weighed in on QCRH shares. Weiss Ratings restated a “buy (b)” rating on shares of QCR in a report on Friday, October 2nd. Piper Sandler restated an “overweight” rating and issued a $123.00 target price (up from $107.00) on shares of QCR in a report on Monday, July 27th. Keefe, Bruyette & Woods lifted their target price on QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Stephens started coverage on QCR in a research report on Friday, September 18th. They issued an “equal weight” rating and a $107.00 price target for the company. Finally, Raymond James Financial assumed coverage on QCR in a research note on Thursday, October 1st. They set an “outperform” rating and a $110.00 price objective on the stock.

Check Out Our Latest Stock Analysis on QCR

Institutional Trading of QCR

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in shares of QCR by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock worth $427,000 after buying an additional 116 shares during the last quarter. Assetmark Inc. grew its holdings in shares of QCR by 50.0% in the first quarter. Assetmark Inc. now owns 675 shares of the bank’s stock valued at $58,000 after acquiring an additional 225 shares in the last quarter. Nykredit A S purchased a new position in QCR in the second quarter worth $27,000. Lazard Asset Management LLC boosted its holdings in shares of QCR by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 18,827 shares of the bank’s stock worth $1,609,000 after buying an additional 354 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in shares of QCR in the 1st quarter worth about $71,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Trading Up 1.6%

Shares of QCR stock opened at $98.79 on Tuesday. The stock has a market capitalization of $1.62 billion, a PE ratio of 11.36 and a beta of 0.74. QCR has a 52 week low of $66.65 and a 52 week high of $108.11. The stock has a 50 day moving average price of $101.01 and a two-hundred day moving average price of $96.38. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98.

QCR (NASDAQ:QCRH – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.28. QCR had a return on equity of 12.87% and a net margin of 22.86%. The company had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. As a group, equities analysts anticipate that QCR will post 8.47 earnings per share for the current fiscal year.

QCR Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, September 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, September 18th. This is a positive change from QCR’s previous quarterly dividend of $0.10. QCR’s dividend payout ratio (DPR) is currently 7.09%.

About QCR

(Get Free Report)

QCR Holdings, Inc is a bank holding company headquartered in Moline, Illinois. Through its community banking subsidiaries, the company provides financial services to businesses, professionals, individuals and institutions in selected Midwestern markets.

Its banking operations offer commercial and consumer lending, deposit accounts, treasury and cash-management services, mortgage lending, online and mobile banking, and other traditional banking products. The company also provides wealth management, trust, investment and related financial services through affiliated businesses.

QCR Holdings operates through banks including Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank and Springfield First Community Bank.

Recommended Stories

Analyst Recommendations for QCR (NASDAQ:QCRH)

Receive News & Ratings for QCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR and related companies with MarketBeat.com's FREE daily email newsletter.