QCR Holdings, Inc. (NASDAQ:QCRH) Rating Reiterated by Maxim Group
Maxim Group reiterated their buy rating on shares of QCR Holdings, Inc. (NASDAQ:QCRH) in a research note published on Thursday, June 15th, MarketBeat.com reports. Maxim Group currently has a $53.00 price objective on the bank’s stock.
“On June 8, QCRH announced the acquisition of Guaranty Bank and Trust Company (GBT – private) in Cedar Rapids, Iowa for $44 million in stock (79%) and cash (21%). GBT has assets of $267 million, loans of $197 million, deposits of $213 million, and assets under management (AUM) of $180 million.”,” Maxim Group’s analyst wrote.
A number of other brokerages also recently weighed in on QCRH. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $47.00 target price on shares of QCR Holdings in a research note on Friday, April 21st. ValuEngine upgraded shares of QCR Holdings from a hold rating to a buy rating in a report on Friday, June 2nd. Five research analysts have rated the stock with a buy rating, QCR Holdings currently has a consensus rating of Buy and a consensus price target of $42.50.
QCR Holdings (NASDAQ:QCRH) traded down 1.44% during mid-day trading on Thursday, hitting $47.80. The stock had a trading volume of 35,312 shares. The company has a 50 day moving average price of $45.69 and a 200 day moving average price of $43.82. QCR Holdings has a one year low of $26.41 and a one year high of $49.80. The stock has a market cap of $629.53 million, a P/E ratio of 20.59 and a beta of 0.63.
QCR Holdings (NASDAQ:QCRH) last issued its earnings results on Thursday, April 20th. The bank reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. QCR Holdings had a net margin of 20.92% and a return on equity of 10.84%. The business had revenue of $34.95 million for the quarter, compared to analyst estimates of $35.79 million. On average, equities analysts anticipate that QCR Holdings will post $2.72 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Friday, June 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.42%. QCR Holdings’s dividend payout ratio (DPR) is currently 8.66%.
QCR Holdings Company Profile
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), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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