QCR (NASDAQ:QCRH) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of QCR (NASDAQ:QCRH – Get Rating) in a research note released on Thursday. The brokerage issued a hold rating on the bank’s stock.

Separately, Piper Sandler decreased their price target on QCR from $61.00 to $58.00 and set an overweight rating for the company in a research report on Thursday, January 26th.

QCR Stock Performance

NASDAQ QCRH opened at $43.40 on Thursday. The company has a fifty day moving average price of $51.08 and a 200-day moving average price of $51.58. The firm has a market cap of $730.42 million, a price-to-earnings ratio of 7.38 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.03 and a quick ratio of 1.03. QCR has a 1 year low of $42.15 and a 1 year high of $62.85.

QCR (NASDAQ:QCRH – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The bank reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. The business had revenue of $86.44 million for the quarter, compared to analysts’ expectations of $87.00 million. QCR had a net margin of 26.54% and a return on equity of 15.73%. As a group, equities research analysts predict that QCR will post 6.34 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Friday, March 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, March 16th. QCR’s dividend payout ratio is 4.08%.

Insider Activity

In related news, CEO John H. Anderson sold 1,389 shares of QCR stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $53.65, for a total value of $74,519.85. Following the sale, the chief executive officer now owns 2,375 shares of the company’s stock, valued at approximately $127,418.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mary Kay Bates acquired 600 shares of the stock in a transaction that occurred on Friday, March 10th. The shares were acquired at an average cost of $45.98 per share, for a total transaction of $27,588.00. Following the purchase, the director now owns 2,144 shares of the company’s stock, valued at approximately $98,581.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John H. Anderson sold 1,389 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $53.65, for a total transaction of $74,519.85. Following the transaction, the chief executive officer now owns 2,375 shares of the company’s stock, valued at approximately $127,418.75. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Institutional Trading of QCR

Several hedge funds and other institutional investors have recently modified their holdings of QCRH. Point72 Hong Kong Ltd purchased a new position in QCR in the 3rd quarter valued at approximately $39,000. Great West Life Assurance Co. Can purchased a new position in shares of QCR in the third quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of QCR by 86.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,033 shares of the bank’s stock valued at $104,000 after purchasing an additional 945 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of QCR by 47.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,998 shares of the bank’s stock valued at $149,000 after purchasing an additional 965 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in QCR by 523.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,001 shares of the bank’s stock worth $152,000 after purchasing an additional 2,520 shares in the last quarter. Institutional investors own 68.88% of the company’s stock.

QCR Company Profile

(Get Rating)

QCR Holdings, Inc operates as a multi-bank holding company which engages in the provision of commercial banking services. It operates through the following segments: Commercial Banking, Wealth Management and All Other. The Commercial Banking segment consists of the firm’s subsidiary banks, Quad City Bank & Trust Co, Cedar Rapids Bank & Trust Co, Community State Bank, and Rockford Bank & Trust Co The Wealth Management segment represents the trust and asset management, investment management and advisory services.