QCR Holdings, Inc. (QCRH) – What Are Brokerages Saying About This Stock?

QCR Holdings, Inc. (NASDAQ:QCRH) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $110.60.

Several equities research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $123.00 price objective (up from $107.00) on shares of QCR in a report on Monday, July 27th. Weiss Ratings upgraded shares of QCR from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 23rd. Stephens started coverage on shares of QCR in a report on Friday, September 18th. They issued an “equal weight” rating and a $107.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, DA Davidson increased their price target on shares of QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th.

QCR Price Performance

Shares of QCRH opened at $100.85 on Friday. The business has a 50-day simple moving average of $100.51 and a two-hundred day simple moving average of $94.84. The company has a quick ratio of 0.98, a current 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 11.85 and a beta of 0.73. QCR has a 12-month low of $74.78 and a 12-month high of $108.11.

QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, October 20th. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. QCR had a return on equity of 12.71% and a net margin of 23.17%. The company had revenue of $99.17 million for the quarter, compared to the consensus estimate of $108.97 million. Analysts anticipate that QCR will post 8.63 earnings per share for the current fiscal year.

QCR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Friday, September 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.6%. This is an increase from QCR’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, September 18th. QCR’s payout ratio is currently 7.05%.

Institutional Investors Weigh In On QCR

Several hedge funds have recently modified their holdings of QCRH. R Squared Ltd acquired a new stake in QCR during the third quarter worth approximately $309,000. Fifth Third Bancorp increased its position in shares of QCR by 3.8% during the third quarter. Fifth Third Bancorp now owns 9,065 shares of the bank’s stock worth $887,000 after purchasing an additional 331 shares in the last quarter. Ethic Inc. acquired a new stake in QCR during the 3rd quarter worth $554,000. Alps Advisors Inc. purchased a new stake in QCR during the third quarter worth approximately $553,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of QCR in the second quarter valued at approximately $337,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

About QCR

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company that provides commercial and consumer banking services through a group of community banking subsidiaries. Its offerings include business and consumer loans, deposit accounts, treasury management, mortgage lending, cash management, and related financial services.

The company serves businesses, individuals, families, and institutions in selected Midwestern markets. Its banking operations have a presence in eastern Iowa, the Quad Cities region of Iowa and Illinois, and communities in Missouri, with a focus on relationship-based commercial banking and local decision-making.

QCR Holdings traces its origins to the early 1990s and has expanded through the development and acquisition of community banks.