QCR Holdings, Inc. (NASDAQ:QCRH) Given Average Rating of “Moderate Buy” by Analysts

QCR Holdings, Inc. (NASDAQ:QCRH) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $101.00.

Several research analysts have recently weighed in on QCRH shares. Piper Sandler dropped their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Raymond James Financial restated an “outperform” rating and issued a $99.00 price target on shares of QCR in a research report on Monday, April 27th.

QCR Stock Performance

NASDAQ:QCRH opened at $96.65 on Friday. The stock has a fifty day simple moving average of $92.78 and a 200 day simple moving average of $89.21. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 12.11 and a beta of 0.75. QCR has a 1-year low of $66.65 and a 1-year high of $99.87. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The firm had revenue of $89.52 million for the quarter, compared to the consensus estimate of $105.42 million. Sell-side analysts forecast that QCR will post 8.13 earnings per share for the current year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 18th. QCR’s payout ratio is 5.01%.

Insiders Place Their Bets

In other news, insider James D. Klein sold 310 shares of QCR stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the transaction, the insider owned 428 shares in the company, valued at approximately $38,948. The trade was a 42.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Laura L. Ekizian sold 750 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the transaction, the chief executive officer directly owned 6,093 shares in the company, valued at $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QCR

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. purchased a new position in QCR during the 4th quarter valued at about $37,000. Farther Finance Advisors LLC lifted its position in shares of QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after purchasing an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of QCR in the fourth quarter worth approximately $61,000. Blue Trust Inc. acquired a new stake in shares of QCR during the first quarter worth approximately $71,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of QCR during the third quarter worth approximately $72,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

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.