QCR (NASDAQ:QCRH) Given New $108.00 Price Target at Keefe, Bruyette & Woods

by · The Markets Daily

QCR (NASDAQ:QCRH – Get Free Report) had its price target hoisted by analysts at Keefe, Bruyette & Woods from $105.00 to $108.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 7.51% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Piper Sandler cut their target price on QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price target on shares of QCR in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, QCR has a consensus rating of “Moderate Buy” and an average price target of $102.50.

Read Our Latest Stock Analysis on QCR

QCR Stock Up 3.1%

Shares of QCRH stock traded up $3.03 on Friday, hitting $100.46. The stock had a trading volume of 114,273 shares, compared to its average volume of 107,981. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. The business has a 50 day moving average of $94.66 and a 200 day moving average of $90.44. QCR has a 12-month low of $66.65 and a 12-month high of $101.42. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 11.87 and a beta of 0.75.

QCR (NASDAQ:QCRH – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 13.00%. The business had revenue of $97.34 million for the quarter, compared to analysts’ expectations of $104.10 million. As a group, analysts expect that QCR will post 8.13 EPS for the current year.

Insider Activity at QCR

In other QCR news, CEO Laura L. Ekizian sold 750 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the sale, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at $578,591.28. This trade represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James D. Klein sold 310 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total value of $28,210.00. Following the transaction, the insider directly owned 428 shares in the company, valued at $38,948. This represents a 42.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of QCR

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new position in QCR during the 4th quarter valued at about $37,000. Farther Finance Advisors LLC grew its position in shares of QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after purchasing an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of QCR in the fourth quarter worth $61,000. Blue Trust Inc. bought a new stake in QCR during the first quarter valued at $71,000. Finally, Quadrant Capital Group LLC bought a new position in QCR in the 3rd quarter worth about $72,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

About QCR

(Get Free Report)

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.

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