QCR Holdings, Inc. (NASDAQ:QCRH) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately bullish: Four of six analysts rate QCR Holdings a buy, while two recommend holding the stock. The average 12-month price target is $108.75.
• QCR reported quarterly EPS of $2.19, beating estimates of $1.91, although revenue of $97.34 million fell short of the $104.10 million consensus forecast.
• The company increased its quarterly dividend from $0.10 to $0.15 per share, implying an annualized payout of $0.60 and a 0.6% yield.

Shares of QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $108.75.

QCRH has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their target price on QCR from $105.00 to $108.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. DA Davidson lifted their price objective on QCR from $97.00 to $105.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. 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. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of QCR in a research note on Monday, July 6th.

QCR Stock Performance

NASDAQ:QCRH opened at $100.88 on Friday. The company has a market cap of $1.65 billion, a P/E ratio of 11.92 and a beta of 0.73. QCR has a twelve month low of $66.65 and a twelve month high of $108.11. The company's 50-day moving average price is $101.51 and its 200-day moving average price is $94.23. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million during the quarter, compared to analysts' expectations of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 12.87%. On average, sell-side analysts forecast that QCR will post 8.5 earnings per share for the current fiscal year.

QCR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Friday, September 18th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, September 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. This is a boost from QCR's previous quarterly dividend of $0.10. QCR's payout ratio is presently 7.09%.

Institutional Investors Weigh In On QCR

Hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of QCR in the 2nd quarter valued at approximately $337,000. Nykredit A S purchased a new stake in shares of QCR during the 2nd quarter valued at approximately $27,000. Wellington Management Group LLP raised its position in shares of QCR by 18.4% during the 2nd quarter. Wellington Management Group LLP now owns 284,295 shares of the bank's stock valued at $27,676,000 after buying an additional 44,106 shares during the period. Pinnacle Holdings LLC acquired a new position in QCR in the second quarter valued at approximately $162,000. Finally, Globeflex Capital L P acquired a new position in QCR in the second quarter valued at approximately $1,767,000. Hedge funds and other institutional investors own 70.01% of the company's stock.

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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