Piper Jaffray Cos. assumed coverage on shares of QCR Holdings Inc. (NASDAQ:QCRH) in a research note published on Thursday morning. The firm issued an overweight rating and a $36.00 target price on the stock.
Separately, Stephens assumed coverage on shares of QCR Holdings in a report on Friday, August 26th. They issued an overweight rating and a $34.00 target price for the company. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus target price of $33.25.
Shares of QCR Holdings (NASDAQ:QCRH) opened at 31.41 on Thursday. The stock’s 50 day moving average price is $31.24 and its 200 day moving average price is $27.97. The stock has a market cap of $410.28 million, a price-to-earnings ratio of 14.38 and a beta of 0.51. QCR Holdings has a one year low of $18.05 and a one year high of $32.19.
QCR Holdings (NASDAQ:QCRH) last posted its earnings results on Wednesday, July 20th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. QCR Holdings had a net margin of 21.72% and a return on equity of 10.71%. Analysts forecast that QCR Holdings will post $2.15 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which was paid on Wednesday, October 5th. Shareholders of record on Friday, September 16th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a dividend yield of 0.26%. QCR Holdings’s dividend payout ratio (DPR) is 7.34%.
In other QCR Holdings news, CEO Larry J. Helling sold 3,490 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $29.50, for a total value of $102,955.00. Following the completion of the transaction, the chief executive officer now owns 8,817 shares in the company, valued at $260,101.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.60% of the stock is currently owned by company insiders.
QCR Holdings Company Profile
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls and Rockford communities, through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company, and Rockford Bank and Trust Company, which provide commercial and consumer banking and trust and asset management services.
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