QCR (NASDAQ:QCRH) Price Target Raised to $92.50 at Piper Sandler

Key Points

• Analyst firm Piper Sandler has raised its price target for QCR Holdings (NASDAQ: QCRH) from $88.00 to $92.50, suggesting a potential upside of 24.50% from the current stock price.
• QCR's average consensus rating is a "Moderate Buy," with four analysts assigning buy ratings and one giving a hold rating, indicating strong investor confidence.
• The stock recently experienced a decline, trading at $74.30, despite reporting an EPS of $1.73, which exceeded analysts' expectations of $1.63.

QCR (NASDAQ:QCRH - Get Free Report) had its price objective raised by stock analysts at Piper Sandler from $88.00 to $92.50 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the bank's stock. Piper Sandler's price objective would indicate a potential upside of 30.28% from the stock's current price.

QCRH has been the topic of several other reports. Raymond James Financial set a $78.00 price target on shares of QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price target (up from $90.00) on shares of QCR in a research note on Friday, July 25th. DA Davidson lifted their price target on shares of QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, QCR has an average rating of "Moderate Buy" and an average price target of $87.38.

QCR Price Performance

QCRH traded down $0.82 on Monday, reaching $71.00. The company had a trading volume of 133,853 shares, compared to its average volume of 93,934. The business has a 50 day simple moving average of $69.64 and a 200 day simple moving average of $71.36. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 10.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 0.98. QCR has a 52-week low of $60.83 and a 52-week high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.10. The business had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.86%. As a group, sell-side analysts anticipate that QCR will post 6.82 EPS for the current year.

Institutional Trading of QCR

Several large investors have recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC boosted its holdings in shares of QCR by 4.9% during the 1st 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 in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of QCR by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after buying an additional 283 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of QCR by 3.2% during the 4th quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock valued at $803,000 after buying an additional 313 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of QCR by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after purchasing an additional 323 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of QCR by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank's stock worth $752,000 after purchasing an additional 365 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

About QCR

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.