QCR Holdings, Inc. (NASDAQ:QCRH) Receives $42.33 Consensus Target Price from Analysts

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Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $42.33.

Several research firms have recently issued reports on QCRH. ValuEngine upgraded QCR from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 29th. Maxim Group reiterated a “buy” rating and set a $38.00 price target (down previously from $43.00) on shares of QCR in a research note on Monday, April 29th. Zacks Investment Research upgraded QCR from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, BidaskClub downgraded QCR from a “hold” rating to a “sell” rating in a research note on Wednesday.

QCRH opened at $35.93 on Monday. The company has a market cap of $569.33 million, a P/E ratio of 11.67, a PEG ratio of 1.04 and a beta of 0.77. The business’s 50-day moving average is $35.42. QCR has a 52-week low of $30.15 and a 52-week high of $44.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $55.08 million during the quarter, compared to the consensus estimate of $50.76 million. QCR had a return on equity of 10.82% and a net margin of 18.53%. On average, research analysts predict that QCR will post 3.46 EPS for the current year.

In other QCR news, insider Robert C. Fulp sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $39.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 28,009 shares of the company’s stock, valued at approximately $1,092,351. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of QCRH. Castine Capital Management LLC raised its holdings in QCR by 30.7% in the 2nd quarter. Castine Capital Management LLC now owns 438,764 shares of the bank’s stock valued at $15,299,000 after acquiring an additional 103,118 shares in the last quarter. BlackRock Inc. raised its holdings in QCR by 9.1% in the 2nd quarter. BlackRock Inc. now owns 869,367 shares of the bank’s stock valued at $30,314,000 after acquiring an additional 72,816 shares in the last quarter. United Capital Financial Advisers LLC acquired a new position in QCR in the 2nd quarter valued at approximately $1,650,000. Dimensional Fund Advisors LP raised its holdings in QCR by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock valued at $17,528,000 after acquiring an additional 35,714 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in QCR by 30.1% in the 4th quarter. Millennium Management LLC now owns 84,629 shares of the bank’s stock valued at $2,716,000 after acquiring an additional 19,598 shares in the last quarter. 58.89% of the stock is owned by hedge funds and other institutional investors.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.

See Also: Compound Interest

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