QCR Holdings, Inc. (NASDAQ:QCRH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

QCR Holdings, Inc. (NASDAQ:QCRH) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $90.00.

A number of equities analysts recently issued reports on QCRH shares. Weiss Ratings reissued a “hold (c+)” rating on shares of QCR in a research note on Monday, December 29th. Raymond James Financial reiterated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of QCR in a report on Monday, October 27th. Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Piper Sandler raised their target price on QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $83.00 price target on shares of QCR in a research note on Thursday, October 9th.

QCR Price Performance

Shares of QCR stock opened at $83.73 on Friday. The business has a 50 day moving average of $82.15 and a 200 day moving average of $77.12. QCR has a 52 week low of $60.83 and a 52 week high of $88.15. The company has a market cap of $1.41 billion, a PE ratio of 11.69 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Friday, November 7th. The bank reported $2.17 earnings per share (EPS) for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.04%. The business had revenue of $101.45 million for the quarter. As a group, equities research analysts forecast that QCR will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR’s dividend payout ratio is currently 3.35%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in QCR in the third quarter worth about $51,000. Quadrant Capital Group LLC purchased a new position in shares of QCR during the third quarter valued at approximately $72,000. Russell Investments Group Ltd. bought a new stake in shares of QCR in the 3rd quarter worth approximately $104,000. Entropy Technologies LP purchased a new stake in shares of QCR in the 2nd quarter worth approximately $210,000. Finally, CIBC Bancorp USA Inc. bought a new position in QCR during the 3rd quarter valued at approximately $218,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Company Profile

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.