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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given an average rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $102.25.

Several research firms have recently issued reports on QCRH. Keefe, Bruyette & Woods upped their price objective on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Raymond James Financial reissued an “outperform” rating and set a $103.00 target price on shares of QCR in a research report on Friday, January 30th. Zacks Research cut shares of QCR from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Finally, DA Davidson upped their target price on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th.

Insider Activity

In other QCR news, CFO Todd A. Gipple sold 8,590 shares of QCR stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the sale, the chief financial officer directly owned 44,902 shares in the company, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in QCRH. Assetmark Inc. acquired a new position in QCR in the 4th quarter worth about $37,000. Farther Finance Advisors LLC grew its holdings in QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after purchasing an additional 148 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of QCR during the 3rd quarter valued at approximately $51,000. Kemnay Advisory Services Inc. acquired a new stake in QCR in the 4th quarter valued at $61,000. Finally, Quadrant Capital Group LLC acquired a new stake in QCR in the 3rd quarter valued at $72,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Stock Down 3.6%

QCR stock opened at $86.50 on Monday. QCR has a 1-year low of $60.83 and a 1-year high of $96.00. The business has a fifty day moving average price of $88.07 and a 200-day moving average price of $81.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 11.52 and a beta of 0.82.

QCR (NASDAQ:QCRH) last announced its 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. The company had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. Equities research analysts forecast that QCR will post 6.82 EPS for the current fiscal year.

QCR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th will be issued a $0.10 dividend. This is a boost from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 19th. QCR’s dividend payout ratio is currently 3.20%.

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.