Stock analysts at Piper Jaffray Cos. began coverage on shares of QCR Holdings Inc. (NASDAQ:QCRH) in a note issued to investors on Thursday. The firm set an “overweight” rating and a $36.00 price target on the stock. Piper Jaffray Cos.’s target price would indicate a potential upside of 14.32% from the stock’s previous close.
Separately, Stephens started coverage on shares of QCR Holdings in a research note on Friday, August 26th. They set an “overweight” rating and a $34.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $33.25.
QCR Holdings (NASDAQ:QCRH) opened at 31.49 on Thursday. The company has a market cap of $411.32 million, a price-to-earnings ratio of 14.42 and a beta of 0.51. QCR Holdings has a 12 month low of $18.05 and a 12 month high of $32.19. The company has a 50-day moving average of $31.15 and a 200-day moving average of $27.82.
QCR Holdings (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. QCR Holdings had a net margin of 21.72% and a return on equity of 10.71%. Analysts predict that QCR Holdings will post $2.15 EPS for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, October 5th. Shareholders of record on Friday, September 16th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a dividend yield of 0.26%. QCR Holdings’s payout ratio is presently 7.34%.
In other QCR Holdings news, CEO Larry J. Helling sold 3,490 shares of QCR Holdings stock in a transaction on Monday, August 8th. The stock was sold at an average price of $29.50, for a total transaction of $102,955.00. Following the completion of the transaction, the chief executive officer now directly owns 8,817 shares of the company’s stock, valued at $260,101.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.60% of the company’s stock.
QCR Holdings Company Profile
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls and Rockford communities, through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company, and Rockford Bank and Trust Company, which provide commercial and consumer banking and trust and asset management services.
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