Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $54.00.
QCRH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $54.00 target price on shares of QCR in a research report on Friday, December 22nd. BidaskClub cut shares of QCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. DA Davidson reissued a “buy” rating and set a $56.00 target price on shares of QCR in a research report on Wednesday, December 20th. ValuEngine cut shares of QCR from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies set a $55.00 target price on shares of QCR and gave the stock a “buy” rating in a research report on Friday, October 6th.
Shares of QCR (NASDAQ QCRH) traded up $0.20 during midday trading on Friday, reaching $44.15. 44,152 shares of the company traded hands, compared to its average volume of 61,655. QCR has a twelve month low of $39.85 and a twelve month high of $50.00. The company has a market cap of $613.89, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.40 and a beta of 0.54. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95.
QCR (NASDAQ:QCRH) last posted its earnings results on Thursday, November 2nd. The bank reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.05). QCR had a return on equity of 11.78% and a net margin of 21.78%. equities analysts predict that QCR will post 2.6 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Friday, December 15th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. QCR’s dividend payout ratio is currently 7.84%.
In related news, CEO Larry J. Helling sold 1,021 shares of QCR stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $44.40, for a total value of $45,332.40. Following the sale, the chief executive officer now owns 11,180 shares of the company’s stock, valued at approximately $496,392. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick Baird sold 800 shares of QCR stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $43.23, for a total transaction of $34,584.00. Following the completion of the sale, the director now directly owns 52,722 shares in the company, valued at approximately $2,279,172.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,818 shares of company stock worth $124,113. Insiders own 8.80% of the company’s stock.
Several large investors have recently bought and sold shares of QCRH. Schwab Charles Investment Management Inc. raised its holdings in shares of QCR by 23.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,062 shares of the bank’s stock worth $1,046,000 after purchasing an additional 4,200 shares during the period. Rhumbline Advisers raised its holdings in shares of QCR by 9.7% in the 2nd quarter. Rhumbline Advisers now owns 13,478 shares of the bank’s stock worth $639,000 after purchasing an additional 1,196 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of QCR by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,856 shares of the bank’s stock worth $3,217,000 after purchasing an additional 3,545 shares during the period. Comerica Bank bought a new stake in shares of QCR in the 2nd quarter worth approximately $397,000. Finally, Prudential Financial Inc. raised its holdings in shares of QCR by 22.0% in the 2nd quarter. Prudential Financial Inc. now owns 52,210 shares of the bank’s stock worth $2,475,000 after purchasing an additional 9,410 shares during the period. 59.71% of the stock is currently owned by institutional investors.
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QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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