QCR (NASDAQ:QCRH) Given New $108.00 Price Target at Keefe, Bruyette & Woods

QCR (NASDAQ:QCRH) had its price objective boosted by Keefe, Bruyette & Woods from $105.00 to $108.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the bank’s stock.

A number of other research firms also recently commented on QCRH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of QCR in a research note on Monday, July 6th. Raymond James Financial restated an “outperform” rating and issued a $99.00 target price on shares of QCR in a report on Monday, April 27th. Finally, Piper Sandler dropped their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.50.

QCR Stock Performance

NASDAQ QCRH opened at $100.15 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. QCR has a fifty-two week low of $66.65 and a fifty-two week high of $101.42. The business has a fifty day moving average of $94.91 and a 200-day moving average of $90.51. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 11.84 and a beta of 0.75.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 13.00%. The firm had revenue of $97.34 million during the quarter, compared to the consensus estimate of $104.10 million. As a group, analysts predict that QCR will post 8.13 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 18th. QCR’s dividend payout ratio (DPR) is 4.73%.

Insider Buying and Selling at QCR

In other news, insider James D. Klein sold 310 shares of QCR stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the transaction, the insider 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $71,220.00. Following the sale, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. The trade was a 10.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On QCR

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its position in QCR by 2.4% during the first quarter. Cetera Investment Advisers now owns 4,999 shares of the bank’s stock worth $427,000 after acquiring an additional 116 shares during the period. Farther Finance Advisors LLC boosted its holdings in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after purchasing an additional 148 shares during the period. Legal & General Group Plc boosted its holdings in QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 165 shares during the period. State of New Jersey Common Pension Fund D grew its position in QCR by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after purchasing an additional 185 shares during the last quarter. Finally, LPL Financial LLC grew its position in QCR by 3.8% in the 4th quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock worth $434,000 after purchasing an additional 191 shares during the last quarter. 70.01% of the stock is 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.