QCR (NASDAQ:QCRH) Coverage Initiated at Stephens

Key Points

• Stephens initiated coverage of QCR Holdings with an “equal weight” rating and a $107 price target, implying approximately 6.1% upside from the prior close.
• Analyst sentiment remains favorable overall, with a consensus “Moderate Buy” rating and an average price target of $108.40; Piper Sandler recently raised its target to $123.
• QCR exceeded quarterly earnings expectations, reporting $2.19 in EPS versus the $1.91 consensus estimate, while institutional investors own approximately 70.01% of the stock.

Analysts at Stephens started coverage on shares of QCR (NASDAQ:QCRH - Get Free Report) in a research note issued on Friday, Benzinga reports. The brokerage set an "equal weight" rating and a $107.00 price target on the bank's stock. Stephens' price target suggests a potential upside of 6.07% from the stock's previous close.

Several other brokerages have also recently issued reports on QCRH. Piper Sandler restated an "overweight" rating and set a $123.00 price objective (up from $107.00) on shares of QCR in a research note on Monday, July 27th. Keefe, Bruyette & Woods raised their price target 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. DA Davidson increased their price objective 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. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of QCR in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $108.40.

QCR Price Performance

QCRH stock opened at $100.88 on Friday. The stock's 50 day moving average is $101.51 and its two-hundred day moving average is $94.23. QCR has a 52-week low of $66.65 and a 52-week high of $108.11. The company has a market capitalization of $1.65 billion, a PE ratio of 11.92 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The business had revenue of $97.34 million during the quarter, compared to the consensus estimate of $104.10 million. Analysts predict that QCR will post 8.5 earnings per share for the current fiscal year.

Institutional Trading of QCR

A number of hedge funds and other institutional investors have recently made changes to their positions in QCRH. Sequoia Financial Advisors LLC acquired a new position in shares of QCR in the 2nd quarter worth $337,000. Nykredit A S acquired a new position in shares of QCR in the 2nd quarter valued at $27,000. Wellington Management Group LLP boosted its position in shares of QCR by 18.4% in the 2nd quarter. Wellington Management Group LLP now owns 284,295 shares of the bank's stock valued at $27,676,000 after purchasing an additional 44,106 shares during the period. Pinnacle Holdings LLC purchased a new position in QCR in the 2nd quarter worth about $162,000. Finally, Globeflex Capital L P acquired a new stake in QCR during the 2nd quarter worth about $1,767,000. 70.01% of the stock is currently owned by institutional investors.

QCR Company Profile

QCR Holdings, Inc NASDAQ: QCRH is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.

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