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

QCR Holdings, Inc. (NASDAQ:QCRH) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $108.75.

QCRH has been the subject of a number of recent analyst reports. DA Davidson lifted their price target on shares of QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods upped their price objective on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 price objective (up from $107.00) on shares of QCR in a research report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th.

QCR Stock Performance

NASDAQ QCRH opened at $100.88 on Friday. The stock has a fifty day simple moving average of $101.51 and a 200-day simple moving average of $94.23. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.65 billion, a PE ratio of 11.92 and a beta of 0.73. QCR has a twelve month low of $66.65 and a twelve month high of $108.11.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The firm had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. Equities analysts anticipate that QCR will post 8.5 earnings per share for the current year.

QCR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. This is a positive change from QCR’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, September 18th. QCR’s payout ratio is currently 7.09%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nykredit A S purchased a new stake in shares of QCR in the 2nd quarter valued at $27,000. Assetmark Inc. boosted its holdings in QCR by 50.0% during the 1st quarter. Assetmark Inc. now owns 675 shares of the bank’s stock valued at $58,000 after acquiring an additional 225 shares during the period. Blue Trust Inc. acquired a new position in QCR in the 1st quarter valued at about $71,000. Geneos Wealth Management Inc. acquired a new position in QCR in the 1st quarter valued at about $102,000. Finally, Pinnacle Holdings LLC acquired a new position in QCR in the 2nd quarter valued at about $162,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

About QCR

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.