Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been assigned an average rating of “Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $50.83.
A number of analysts have recently weighed in on QCRH shares. ValuEngine upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. BidaskClub cut shares of QCR from a “sell” rating to a “strong sell” rating in a research note on Friday, October 19th. Raymond James reduced their price objective on shares of QCR from $49.00 to $44.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Finally, Piper Jaffray Companies set a $45.00 price objective on shares of QCR and gave the stock a “buy” rating in a research note on Thursday, November 1st.
QCRH stock opened at $34.23 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $577.58 million, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50. QCR has a 12 month low of $33.86 and a 12 month high of $49.60.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 21st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, December 20th. QCR’s payout ratio is 9.02%.
In other news, CEO Thomas D. Budd sold 824 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total value of $35,432.00. Following the completion of the sale, the chief executive officer now directly owns 2,116 shares in the company, valued at $90,988. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.80% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Employees Retirement System of Texas acquired a new position in QCR during the 2nd quarter valued at $1,186,000. Swiss National Bank raised its stake in QCR by 10.0% during the 2nd quarter. Swiss National Bank now owns 24,139 shares of the bank’s stock valued at $1,145,000 after purchasing an additional 2,200 shares during the last quarter. BKD Wealth Advisors LLC acquired a new position in QCR during the 3rd quarter valued at $771,000. Victory Capital Management Inc. acquired a new position in QCR during the 3rd quarter valued at $1,283,000. Finally, Schwab Charles Investment Management Inc. raised its stake in QCR by 12.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 66,563 shares of the bank’s stock valued at $3,159,000 after purchasing an additional 7,281 shares during the last quarter. Hedge funds and other institutional investors own 58.97% of the company’s stock.
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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