QCR Holdings, Inc. (QCRH) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts are moderately bullish on QCR Holdings: Four of seven brokerages rate the stock a buy, while three recommend holding it. The average 12-month price target is $110.60, above the reported $98.25 share price.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 70.01% of QCRH, with Wellington Management increasing its stake by 18.4% during the second quarter.
• QCR exceeded quarterly EPS expectations, reporting $2.19 versus the $1.91 consensus estimate, although revenue of $97.34 million fell short of forecasts. The company also raised its quarterly dividend from $0.10 to $0.15 per share.

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $110.60.

Several equities analysts recently issued reports on QCRH shares. Weiss Ratings reiterated a "buy (b)" rating on shares of QCR in a research report on Friday, October 2nd. Raymond James Financial initiated coverage on shares of QCR in a report on Thursday, October 1st. They set an "outperform" rating and a $110.00 target price on the stock. DA Davidson lifted their price target on shares of QCR from $97.00 to $105.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Piper Sandler reiterated an "overweight" rating and issued a $123.00 price target (up from $107.00) on shares of QCR in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods upped their price target on shares of QCR from $105.00 to $108.00 and gave the company an "outperform" rating in a report on Friday, July 24th.

Hedge Funds Weigh In On QCR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QCRH. Sequoia Financial Advisors LLC bought a new stake in QCR in the 2nd quarter valued at approximately $337,000. Nykredit A S acquired a new position in QCR during the 2nd quarter worth approximately $27,000. Wellington Management Group LLP grew its stake 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 worth $27,676,000 after acquiring an additional 44,106 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of QCR during the 2nd quarter worth approximately $162,000. Finally, Globeflex Capital L P bought a new position in shares of QCR during the 2nd quarter worth approximately $1,767,000. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Performance

Shares of QCR stock opened at $98.25 on Tuesday. The stock's fifty day simple moving average is $101.42 and its 200 day simple moving average is $96.09. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.61 billion, a PE ratio of 11.61 and a beta of 0.74. QCR has a 12 month low of $66.65 and a 12 month high of $108.11.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.28. QCR had a return on equity of 12.87% and a net margin of 22.86%. The firm had revenue of $97.34 million during the quarter, compared to analysts' expectations of $104.10 million. On average, research analysts predict that QCR will post 8.47 EPS for the current year.

QCR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Friday, September 18th were issued a dividend of $0.15 per share. 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 (DPR) is 7.09%.

About QCR

QCR Holdings, Inc is a bank holding company headquartered in Moline, Illinois. Through its community banking subsidiaries, the company provides financial services to businesses, professionals, individuals and institutions in selected Midwestern markets.

Its banking operations offer commercial and consumer lending, deposit accounts, treasury and cash-management services, mortgage lending, online and mobile banking, and other traditional banking products. The company also provides wealth management, trust, investment and related financial services through affiliated businesses.

QCR Holdings operates through banks including Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank and Springfield First Community Bank.

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