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

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $102.25.

A number of research firms have recently commented on QCRH. DA Davidson increased their target price on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods boosted their target price on shares of QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Raymond James Financial restated an “outperform” rating and set a $103.00 target price on shares of QCR in a research report on Friday, January 30th. Finally, Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th.

Insider Buying and Selling at QCR

In other news, CFO Todd A. Gipple sold 8,590 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 44,902 shares in the company, valued at approximately $4,037,587.84. This represents a 16.06% 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. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. bought a new position in QCR in the fourth quarter worth about $37,000. Farther Finance Advisors LLC grew 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 worth $48,000 after buying an additional 148 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of QCR during the 3rd quarter worth approximately $51,000. Kemnay Advisory Services Inc. bought a new position in shares of QCR during the 4th quarter worth approximately $61,000. Finally, Quadrant Capital Group LLC purchased a new stake in QCR during the third quarter valued at approximately $72,000. Institutional investors own 70.01% of the company’s stock.

QCR Stock Down 3.6%

QCRH opened at $86.50 on Monday. QCR has a 52 week low of $60.83 and a 52 week high of $96.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $88.07 and a two-hundred day simple moving average of $81.50. The company has a market capitalization of $1.46 billion, a PE ratio of 11.52 and a beta of 0.82.

QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. Analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. This is a positive change from QCR’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 19th. QCR’s dividend payout ratio (DPR) is presently 3.20%.

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.