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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $102.25.

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Zacks Research cut shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. DA Davidson upped their price objective on QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Raymond James Financial reissued an “outperform” rating and issued a $103.00 target price on shares of QCR in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 29th.

Insider Buying and Selling

In other news, insider James D. Klein sold 554 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the transaction, the insider owned 738 shares of the company’s stock, valued at $60,885. This represents a 42.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd A. Gipple sold 8,590 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $89.92, for a total value of $772,412.80. Following the completion of the transaction, the chief financial officer owned 44,902 shares in the company, valued at $4,037,587.84. This represents a 16.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QCR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new stake in shares of QCR in the 4th quarter valued at about $37,000. Farther Finance Advisors LLC increased its position in shares of 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 buying an additional 148 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of QCR in the 3rd quarter valued at $51,000. Kemnay Advisory Services Inc. acquired a new stake in QCR during the 4th quarter worth $61,000. Finally, Quadrant Capital Group LLC bought a new position in QCR during the third quarter worth about $72,000. Institutional investors own 70.01% of the company’s stock.

QCR Stock Up 0.5%

Shares of QCRH opened at $84.36 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of 11.23 and a beta of 0.82. QCR has a one year low of $60.83 and a one year high of $96.00. The business’s 50 day simple moving average is $87.94 and its 200-day simple moving average is $82.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 1.00.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. QCR had a return on equity of 12.13% and a net margin of 21.07%.The company had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. As a group, sell-side analysts predict that QCR will post 6.82 EPS for the current fiscal year.

QCR Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from QCR’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 19th. QCR’s payout ratio is presently 5.33%.

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.