QCR Holdings, Inc. (NASDAQ:QCRH) Stock Has Consensus Target Price of $110.60 According to Brokerages

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $110.60.

Several equities research analysts have issued reports on the stock. DA Davidson raised their price target on shares of QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Stephens assumed coverage on shares of QCR in a research report on Friday, September 18th. They set an “equal weight” rating and a $107.00 price target for the company. Piper Sandler reiterated an “overweight” rating and set a $123.00 price objective (up from $107.00) on shares of QCR in a research report on Monday, July 27th. Raymond James Financial initiated coverage on shares of QCR in a research report on Thursday, October 1st. They set an “outperform” rating and a $110.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th.

QCR Stock Performance

Shares of QCRH opened at $100.85 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 11.85 and a beta of 0.73. The firm’s 50 day moving average is $100.51 and its 200-day moving average is $94.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.98. QCR has a 12-month low of $74.78 and a 12-month high of $108.11.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, October 20th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. QCR had a return on equity of 12.71% and a net margin of 23.17%. The company had revenue of $99.17 million during the quarter, compared to analysts’ expectations of $108.97 million. Equities research analysts anticipate that QCR will post 8.63 EPS for the current fiscal year.

QCR Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Friday, September 18th were given a $0.15 dividend. The ex-dividend date was Friday, September 18th. This is a positive change from QCR’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. QCR’s dividend payout ratio is presently 7.05%.

Institutional Trading of QCR

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in QCR by 18.4% in the second quarter. Wellington Management Group LLP now owns 284,295 shares of the bank’s stock valued at $27,676,000 after acquiring an additional 44,106 shares in the last quarter. Globeflex Capital L P acquired a new position in QCR during the second quarter valued at approximately $1,767,000. WCM Investment Management LLC increased its holdings in shares of QCR by 16.9% during the first quarter. WCM Investment Management LLC now owns 71,300 shares of the bank’s stock valued at $6,018,000 after acquiring an additional 10,314 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in QCR in the 4th quarter worth approximately $1,245,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of QCR in the 2nd quarter worth $7,300,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

About QCR

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company that provides commercial and consumer banking services through a group of community banking subsidiaries. Its offerings include business and consumer loans, deposit accounts, treasury management, mortgage lending, cash management, and related financial services.

The company serves businesses, individuals, families, and institutions in selected Midwestern markets. Its banking operations have a presence in eastern Iowa, the Quad Cities region of Iowa and Illinois, and communities in Missouri, with a focus on relationship-based commercial banking and local decision-making.

QCR Holdings traces its origins to the early 1990s and has expanded through the development and acquisition of community banks.