QCR (NASDAQ:QCRH) Price Target Raised to $102.00

QCR (NASDAQ:QCRH) had its price target raised by Keefe, Bruyette & Woods from $92.00 to $102.00 in a research report released on Thursday, Marketbeat.com reports. They currently have an outperform rating on the bank’s stock.

A number of other brokerages also recently issued reports on QCRH. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QCR in a report on Monday, December 29th. Raymond James Financial restated an “outperform” rating and set a $88.00 price objective (up previously from $85.00) on shares of QCR in a research report on Monday, October 27th. Piper Sandler raised their target price on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Zacks Research downgraded shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, DA Davidson reissued a “neutral” rating and set a $83.00 price target on shares of QCR in a report on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, QCR currently has an average rating of “Moderate Buy” and a consensus price target of $102.25.

QCR Stock Down 0.6%

QCR stock opened at $90.26 on Thursday. QCR has a 12 month low of $60.83 and a 12 month high of $92.00. The stock has a fifty day simple moving average of $85.30 and a two-hundred day simple moving average of $78.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 12.02 and a beta of 0.82.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. QCR had a return on equity of 12.30% and a net margin of 21.07%.The firm had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. Equities analysts predict that QCR will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. QCR’s dividend payout ratio (DPR) is currently 3.20%.

Institutional Trading of QCR

A number of hedge funds and other institutional investors have recently bought and sold shares of QCRH. Assetmark Inc. purchased a new position in shares of QCR during the 4th quarter valued at about $37,000. Farther Finance Advisors LLC increased its holdings in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after acquiring an additional 148 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in QCR during the 3rd quarter worth approximately $51,000. Quadrant Capital Group LLC purchased a new position in QCR during the third quarter valued at approximately $72,000. Finally, Russell Investments Group Ltd. bought a new position in shares of QCR in the third quarter worth approximately $104,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

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.