Brokerages Set QCR Holdings, Inc. (NASDAQ:QCRH) PT at $102.25

QCR Holdings, Inc. (NASDAQ:QCRH) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $102.25.

QCRH has been the topic of a number of analyst reports. Zacks Research cut QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Keefe, Bruyette & Woods upped their price objective on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Piper Sandler restated an “overweight” rating and set a $108.00 price target (up from $105.00) on shares of QCR in a research note on Friday, January 30th. Finally, DA Davidson upped their price target on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th.

Insider Activity at QCR

In other news, insider James D. Klein sold 554 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the sale, the insider directly owned 738 shares in the company, valued at $60,885. This represents a 42.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Todd A. Gipple sold 8,590 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the transaction, the chief financial officer directly owned 44,902 shares of the company’s stock, valued at $4,037,587.84. This trade represents a 16.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QCR

A number of large investors have recently made changes to their positions in QCRH. Cetera Investment Advisers raised its position in QCR by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 4,883 shares of the bank’s stock worth $407,000 after purchasing an additional 122 shares during the period. Farther Finance Advisors LLC grew its stake in shares of QCR by 34.6% during the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after buying an additional 148 shares during the last quarter. Creative Planning grew its stake in shares of QCR by 1.1% during the second quarter. Creative Planning now owns 13,917 shares of the bank’s stock valued at $945,000 after buying an additional 157 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of QCR by 1.0% in the second quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after buying an additional 165 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of QCR by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after acquiring an additional 185 shares during the last quarter. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Stock Up 0.7%

Shares of QCR stock opened at $87.25 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. QCR has a 12-month low of $60.83 and a 12-month high of $96.00. The company has a market cap of $1.46 billion, a P/E ratio of 11.62 and a beta of 0.78. The company’s fifty day simple moving average is $87.72 and its two-hundred day simple moving average is $82.52.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.13%. The company had revenue of $107.02 million for the quarter, compared to analysts’ expectations of $106.87 million. Research analysts anticipate that QCR will post 6.82 EPS for the current year.

QCR Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.10 per share. This is an increase from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 19th. QCR’s dividend payout ratio is currently 5.33%.

QCR Company Profile

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.