QCR (NASDAQ:QCRH) Stock Rating Upgraded by Wall Street Zen

Key Points

• QCR Holdings has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the stock.
• Several other analysts have issued ratings for QCR, with a consensus rating of "Moderate Buy" and an average price target of $86.25.
• Insider transactions show CEO Larry J. Helling recently acquired 1,000 shares at $64.53 each, increasing his ownership stake in the company.

Wall Street Zen upgraded shares of QCR (NASDAQ:QCRH - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

Other analysts have also recently issued reports about the company. DA Davidson upped their target price on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a report on Friday. Piper Sandler reduced their target price on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (up from $90.00) on shares of QCR in a report on Friday. Finally, Raymond James Financial set a $78.00 target price on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, QCR currently has a consensus rating of "Moderate Buy" and an average target price of $87.38.

QCR Trading Down 0.2%

Shares of NASDAQ:QCRH traded down $0.15 during midday trading on Friday, hitting $73.77. 16,949 shares of the stock were exchanged, compared to its average volume of 92,692. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.14 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. The business's 50-day moving average price is $69.54 and its 200 day moving average price is $71.35. QCR has a 12 month low of $60.83 and a 12 month high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.10. The company had revenue of $84.20 million for the quarter, compared to analysts' expectations of $95.11 million. QCR had a return on equity of 11.86% and a net margin of 19.43%. Analysts predict that QCR will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Wednesday, June 18th. QCR's dividend payout ratio (DPR) is presently 3.61%.

Hedge Funds Weigh In On QCR

Several institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC lifted its stake in QCR by 1.9% in the second quarter. Wedge Capital Management L L P NC now owns 36,977 shares of the bank's stock valued at $2,511,000 after buying an additional 681 shares during the period. Strs Ohio acquired a new position in QCR in the first quarter valued at approximately $642,000. Jane Street Group LLC lifted its stake in QCR by 106.5% in the first quarter. Jane Street Group LLC now owns 30,052 shares of the bank's stock valued at $2,143,000 after buying an additional 15,501 shares during the period. Empowered Funds LLC lifted its stake in QCR by 2.0% in the first quarter. Empowered Funds LLC now owns 68,631 shares of the bank's stock valued at $4,895,000 after buying an additional 1,364 shares during the period. Finally, Dean Capital Management raised its position in shares of QCR by 13.5% during the first quarter. Dean Capital Management now owns 32,050 shares of the bank's stock worth $2,286,000 after purchasing an additional 3,808 shares during the period. 70.01% of the stock is owned by institutional investors and hedge funds.

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.