Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given an average recommendation of “Buy” by the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $53.60.
A number of research firms have weighed in on QCRH. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $54.00 price objective on shares of QCR in a research report on Friday, December 22nd. ValuEngine raised QCR from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. DA Davidson reaffirmed a “buy” rating and set a $56.00 price objective on shares of QCR in a research report on Wednesday, December 20th. BidaskClub cut QCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, Maxim Group reaffirmed a “buy” rating and set a $53.00 price objective on shares of QCR in a research report on Friday, February 2nd.
Shares of QCR (NASDAQ QCRH) traded up $0.70 during midday trading on Monday, hitting $47.25. The company had a trading volume of 29,922 shares, compared to its average volume of 55,136. The firm has a market cap of $666.12, a PE ratio of 16.81, a PEG ratio of 1.44 and a beta of 0.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. QCR has a 1 year low of $39.85 and a 1 year high of $50.00.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Friday, March 16th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. This is a boost from QCR’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, March 15th. QCR’s dividend payout ratio (DPR) is presently 7.12%.
In other QCR news, CEO Douglas M. Hultquist sold 2,036 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $43.90, for a total transaction of $89,380.40. Following the completion of the sale, the chief executive officer now directly owns 77,404 shares of the company’s stock, valued at approximately $3,398,035.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick Baird sold 800 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $43.23, for a total value of $34,584.00. Following the sale, the director now directly owns 52,722 shares of the company’s stock, valued at $2,279,172.06. The disclosure for this sale can be found here. Insiders have sold a total of 6,868 shares of company stock valued at $302,774 over the last ninety days. 8.80% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Ramsey Quantitative Systems purchased a new position in shares of QCR during the 4th quarter worth approximately $123,000. Parametric Portfolio Associates LLC purchased a new position in shares of QCR during the 2nd quarter worth approximately $343,000. Castine Capital Management LLC raised its stake in shares of QCR by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 280,479 shares of the bank’s stock worth $12,761,000 after buying an additional 24,896 shares in the last quarter. Systematic Financial Management LP purchased a new position in shares of QCR during the 3rd quarter worth approximately $1,158,000. Finally, Northern Trust Corp raised its stake in shares of QCR by 5.7% during the 2nd quarter. Northern Trust Corp now owns 156,953 shares of the bank’s stock worth $7,439,000 after buying an additional 8,532 shares in the last quarter. 61.11% of the stock is owned by institutional investors and hedge funds.
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QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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