QCR Holdings, Inc. (NASDAQ:QCRH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $90.00.

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

QCR Price Performance

Shares of NASDAQ:QCRH opened at $83.73 on Friday. The business has a fifty day moving average price of $82.15 and a 200-day moving average price of $77.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $1.41 billion, a PE ratio of 11.69 and a beta of 0.82. QCR has a 1-year low of $60.83 and a 1-year high of $88.15.

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

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. QCR’s dividend payout ratio (DPR) is presently 3.35%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QCRH. Kennedy Capital Management LLC boosted its holdings in QCR by 108.2% in the third quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock worth $52,536,000 after purchasing an additional 360,884 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of QCR by 715.4% in the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after buying an additional 351,145 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after buying an additional 162,482 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of QCR in the third quarter worth $9,825,000. Finally, Millennium Management LLC increased its position in QCR by 124.5% during the first quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock valued at $7,031,000 after acquiring an additional 54,678 shares during the last quarter. 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.