QCR Holdings, Inc. (NASDAQ:QCRH) Given Consensus Rating of "Buy" by Analysts

Key Points

• QCR Holdings, Inc. has received an average consensus rating of "Buy" from five analysts, with an average one-year price target of $87.3750.
• In its most recent earnings report, QCR surpassed analysts' expectations with an earnings per share (EPS) of $1.73 compared to the forecasted $1.63.
• The company announced a quarterly dividend of $0.06 per share, reflecting an annualized dividend yield of 0.3%, to be paid on October 3rd.

Shares of QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) have earned an average rating of "Buy" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $87.3750.

A number of analysts recently weighed in on QCRH shares. DA Davidson increased their price objective on shares of QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of QCR in a research report on Saturday, September 27th. Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Piper Sandler increased their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price objective (up from $90.00) on shares of QCR in a research report on Friday, July 25th.

QCR Trading Up 0.1%

QCR stock traded up $0.06 during midday trading on Friday, reaching $75.25. The stock had a trading volume of 73,758 shares, compared to its average volume of 95,065. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. QCR has a 52-week low of $60.83 and a 52-week high of $96.08. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 11.33 and a beta of 0.83. The company has a fifty day moving average of $76.01 and a 200 day moving average of $71.22.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.10. QCR had a net margin of 19.43% and a return on equity of 11.71%. The company had revenue of $84.20 million for the quarter, compared to analyst estimates of $95.11 million. On average, analysts anticipate that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR's dividend payout ratio (DPR) is 3.61%.

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the chief executive officer directly owned 5,965 shares of the company's stock, valued at approximately $477,200. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On QCR

A number of institutional investors have recently modified their holdings of QCRH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of QCR by 38.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,779 shares of the bank's stock worth $3,450,000 after acquiring an additional 11,959 shares during the period. Principal Financial Group Inc. increased its holdings in QCR by 3.6% during the first quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock valued at $661,000 after buying an additional 323 shares during the period. Hohimer Wealth Management LLC increased its holdings in QCR by 4.9% during the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock valued at $249,000 after buying an additional 164 shares during the period. Larson Financial Group LLC purchased a new position in QCR during the first quarter valued at approximately $363,000. Finally, Victory Capital Management Inc. increased its holdings in QCR by 10.5% during the first quarter. Victory Capital Management Inc. now owns 21,953 shares of the bank's stock valued at $1,566,000 after buying an additional 2,090 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.

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