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

QCR Holdings, Inc. (NASDAQ:QCRH) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $108.75.

A number of equities research analysts recently commented on QCRH shares. Piper Sandler reiterated an “overweight” rating and set a $123.00 price target (up from $107.00) on shares of QCR in a report on Monday, July 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price objective on shares of QCR in a research report on Monday, April 27th. 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 target on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of QCR in a report on Monday, July 6th.

QCR Stock Performance

QCR stock opened at $101.23 on Monday. QCR has a fifty-two week low of $66.65 and a fifty-two week high of $108.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $1.66 billion, a P/E ratio of 11.97 and a beta of 0.74. The firm’s fifty day moving average price is $99.50 and its 200-day moving average price is $92.93.

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

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 750 shares of the stock in a transaction that occurred 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 owned 6,093 shares in the company, valued at $578,591.28. This represents a 10.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its position in QCR by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock valued at $427,000 after buying an additional 116 shares during the period. Farther Finance Advisors LLC boosted its position in QCR by 34.6% during 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 in the last quarter. Legal & General Group Plc raised its stake in shares of QCR by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after acquiring an additional 165 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of QCR by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock valued at $2,365,000 after purchasing an additional 185 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of QCR by 3.8% during the fourth quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock valued at $434,000 after acquiring an additional 191 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

About QCR

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.