Brokerages Set QCR Holdings, Inc. (NASDAQ:QCRH) Price Target at $101.00

QCR Holdings, Inc. (NASDAQ:QCRH) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $101.00.

QCRH has been the topic of several research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Piper Sandler cut their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $96.33 on Wednesday. The company’s fifty day moving average price is $90.95 and its 200 day moving average price is $87.96. QCR has a 12 month low of $63.68 and a 12 month high of $97.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.07 and a beta of 0.76.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, topping the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.54%. The firm had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. As a group, sell-side analysts predict that QCR will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR’s payout ratio is currently 5.01%.

Insiders Place Their Bets

In other QCR news, insider James D. Klein sold 310 shares of QCR stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total value of $28,210.00. Following the transaction, the insider directly owned 428 shares in the company, valued at approximately $38,948. The trade was a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the completion of the transaction, the chief executive officer owned 6,093 shares in the company, valued at approximately $578,591.28. This represents a 10.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in QCRH. Assetmark Inc. acquired a new position in shares of QCR during the fourth quarter worth about $37,000. Farther Finance Advisors LLC boosted its holdings in QCR by 34.6% during the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after buying an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in QCR during the fourth quarter worth about $61,000. Blue Trust Inc. purchased a new stake in QCR during the first quarter worth about $71,000. Finally, Quadrant Capital Group LLC purchased a new stake in QCR during the third quarter worth about $72,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

About QCR

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.