QCR Holdings, Inc. (NASDAQ:QCRH) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $54.00.
Several equities analysts have recently commented on QCRH shares. Piper Jaffray Companies set a $55.00 price objective on QCR and gave the company a “buy” rating in a research report on Friday, October 6th. Maxim Group reduced their price objective on QCR from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. ValuEngine lowered QCR from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. DA Davidson reiterated a “buy” rating and set a $56.00 price objective on shares of QCR in a research report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $54.00 price objective on shares of QCR in a research report on Friday, December 22nd.
QCR (NASDAQ QCRH) opened at $44.20 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $611.11, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.39 and a beta of 0.54. QCR has a one year low of $39.85 and a one year high of $50.00.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders 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 (DPR) is presently 7.84%.
In related news, Director Patrick Baird sold 800 shares of the stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas D. Budd sold 997 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $44.33, for a total value of $44,197.01. Following the sale, the chief executive officer now owns 4,208 shares of the company’s stock, valued at $186,540.64. The disclosure for this sale can be found here. Insiders have sold a total of 2,818 shares of company stock worth $124,113 over the last quarter. Corporate insiders own 8.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of QCRH. Macquarie Group Ltd. purchased a new stake in QCR during the 3rd quarter valued at about $132,000. Citigroup Inc. boosted its holdings in QCR by 142.1% during the 2nd quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after acquiring an additional 1,883 shares during the period. Citadel Advisors LLC purchased a new stake in QCR during the 2nd quarter valued at about $200,000. Voya Investment Management LLC purchased a new stake in QCR during the 2nd quarter valued at about $224,000. Finally, SG Americas Securities LLC purchased a new stake in QCR during the 3rd quarter valued at about $231,000. Institutional investors own 59.71% of the company’s stock.
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QCR Company Profile
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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