QCR Holdings, Inc. (QCRH) PT Set at $55.00 by Piper Jaffray Companies

Piper Jaffray Companies set a $55.00 target price on QCR Holdings, Inc. (NASDAQ:QCRH) in a report released on Friday. The firm currently has a buy rating on the bank’s stock.

Other analysts have also recently issued reports about the stock. ValuEngine cut shares of QCR Holdings from a buy rating to a hold rating in a research note on Thursday, July 6th. BidaskClub cut shares of QCR Holdings from a buy rating to a hold rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the stock a buy rating in a research note on Saturday, July 22nd. Finally, Maxim Group reaffirmed a buy rating and issued a $53.00 target price on shares of QCR Holdings in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $53.33.

QCR Holdings (NASDAQ QCRH) opened at 48.20 on Friday. QCR Holdings has a 12-month low of $30.31 and a 12-month high of $50.00. The company has a 50-day moving average price of $44.28 and a 200-day moving average price of $45.04. The firm has a market capitalization of $635.32 million, a PE ratio of 19.83 and a beta of 0.61.

QCR Holdings (NASDAQ:QCRH) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.01). The business had revenue of $34.83 million for the quarter, compared to analysts’ expectations of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. On average, analysts predict that QCR Holdings will post $2.72 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “QCR Holdings, Inc. (QCRH) PT Set at $55.00 by Piper Jaffray Companies” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/10/qcr-holdings-inc-qcrh-pt-set-at-55-00-by-piper-jaffray-companies.html.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Friday, September 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.41%. QCR Holdings’s payout ratio is currently 8.23%.

In other news, CFO Todd A. Gipple sold 5,920 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total transaction of $254,560.00. Following the completion of the sale, the chief financial officer now directly owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cathie Whiteside sold 2,675 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.95, for a total transaction of $122,916.25. Following the sale, the executive vice president now directly owns 12,255 shares of the company’s stock, valued at $563,117.25. The disclosure for this sale can be found here. Insiders sold a total of 14,450 shares of company stock valued at $646,051 over the last ninety days. 8.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in QCRH. Citigroup Inc. grew its stake in shares of QCR Holdings by 142.1% during the 2nd quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after buying an additional 1,883 shares during the period. Citadel Advisors LLC purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at $200,000. Busey Trust CO purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at $213,000. Voya Investment Management LLC purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at $224,00

Other analysts have also recently issued reports about the stock. ValuEngine cut shares of QCR Holdings from a buy rating to a hold rating in a research note on Thursday, July 6th. BidaskClub cut shares of QCR Holdings from a buy rating to a hold rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the stock a buy rating in a research note on Saturday, July 22nd. Finally, Maxim Group reaffirmed a buy rating and issued a $53.00 target price on shares of QCR Holdings in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $53.33.

QCR Holdings (NASDAQ QCRH) opened at 48.20 on Friday. QCR Holdings has a 12-month low of $30.31 and a 12-month high of $50.00. The company has a 50-day moving average price of $44.28 and a 200-day moving average price of $45.04. The firm has a market capitalization of $635.32 million, a PE ratio of 19.83 and a beta of 0.61.

QCR Holdings (NASDAQ:QCRH) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.01). The business had revenue of $34.83 million for the quarter, compared to analysts’ expectations of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. On average, analysts predict that QCR Holdings will post $2.72 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “QCR Holdings, Inc. (QCRH) PT Set at $55.00 by Piper Jaffray Companies” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/10/qcr-holdings-inc-qcrh-pt-set-at-55-00-by-piper-jaffray-companies.html.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Friday, September 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.41%. QCR Holdings’s payout ratio is currently 8.23%.

In other news, CFO Todd A. Gipple sold 5,920 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total transaction of $254,560.00. Following the completion of the sale, the chief financial officer now directly owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cathie Whiteside sold 2,675 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.95, for a total transaction of $122,916.25. Following the sale, the executive vice president now directly owns 12,255 shares of the company’s stock, valued at $563,117.25. The disclosure for this sale can be found here. Insiders sold a total of 14,450 shares of company stock valued at $646,051 over the last ninety days. 8.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in QCRH. Citigroup Inc. grew its stake in shares of QCR Holdings by 142.1% during the 2nd quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after buying an additional 1,883 shares during the period. Citadel Advisors LLC purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at $200,000. Busey Trust CO purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at $213,000. Voya Investment Management LLC purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at $224,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at $244,000. 62.07% of the stock is owned by institutional investors.

About QCR Holdings

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), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.

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