QCR Holdings Receives New Coverage from Analysts at DA Davidson (QCRH)
Equities researchers at DA Davidson assumed coverage on shares of QCR Holdings (NASDAQ:QCRH) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $21.00 price target on the stock. DA Davidson’s price target points to a potential upside of 21.74% from the stock’s previous close.
The analysts wrote, “QCRH shares trade at a significant discount based on estimated 2015 EPS versus SNL Small-Cap peers. As the bank builds its TCE ratio up toward a 6% level (currently 3.5%) over the next couple of years, we think this discount to the peer group will diminish. We believe the shares offer a very compelling upside for the value investor with a long-term investment horizon as management remains committed to building capital internally given the current share discount.” Some key points from the report include: - “QCR Holdings’ TCE ratio of 3.5% is well below the peer bank median of 8.5% and investor concern over a capital raise has weighed on the shares.” - “Over the past decade, QCR Holdings’ reported loss rate has been, on average, 37% below the peer group. In 3Q, the NPLs/loans ratio was 1.62% vs. the peer median of 1.69%” - “As QCRH continues to grow its capital, we believe the discount to peers will diminish.”
QCR Holdings (NASDAQ:QCRH) traded down 0.70% during mid-day trading on Tuesday, hitting $17.13. 465 shares of the company’s stock traded hands. QCR Holdings has a 52-week low of $13.05 and a 52-week high of $18.20. The stock has a 50-day moving average of $17.73 and a 200-day moving average of $16.3. The company has a market cap of $99.6 million and a price-to-earnings ratio of 8.24.
QCR Holdings (NASDAQ:QCRH) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.51 earnings per share (EPS) for the quarter. On average, analysts predict that QCR Holdings will post $2.25 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a dividend of 0.04 per share. This represents a dividend yield of 0.45%. The ex-dividend date is Wednesday, December 18th.
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, and Rockford communities through its three wholly owned banking subsidiaries, which provide full-service commercial and consumer banking and trust and asset management services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.