QCR Holdings, Inc. (NASDAQ:QCRH)‘s stock had its “buy” rating reissued by stock analysts at Maxim Group in a report issued on Thursday, Marketbeat reports. They currently have a $53.00 target price on the bank’s stock. Maxim Group’s target price suggests a potential upside of 9.96% from the stock’s current price.
The analysts wrote, “On June 8, QCRH announced the acquisition of Guaranty Bank and Trust Company (GBT – private) in Cedar Rapids, Iowa for $44 million in stock (79%) and cash (21%). GBT has assets of $267 million, loans of $197 million, deposits of $213 million, and assets under management (AUM) of $180 million.””
A number of other brokerages also recently weighed in on QCRH. ValuEngine upgraded QCR Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $47.00 target price on shares of QCR Holdings in a research note on Friday, April 21st. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $42.50.
QCR Holdings (NASDAQ:QCRH) traded up 0.84% during mid-day trading on Thursday, hitting $48.20. The stock had a trading volume of 43,148 shares. QCR Holdings has a 1-year low of $25.67 and a 1-year high of $49.80. The firm’s 50-day moving average price is $45.27 and its 200-day moving average price is $43.34. The stock has a market cap of $634.79 million, a PE ratio of 20.76 and a beta of 0.67.
QCR Holdings (NASDAQ:QCRH) last announced its earnings results on Thursday, April 20th. The bank reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. QCR Holdings had a return on equity of 10.84% and a net margin of 20.92%. The firm had revenue of $34.95 million for the quarter, compared to the consensus estimate of $35.79 million. On average, equities analysts expect that QCR Holdings will post $2.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Friday, June 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.20 annualized dividend and a yield of 0.41%. QCR Holdings’s payout ratio is 8.66%.
COPYRIGHT VIOLATION NOTICE: “Maxim Group Reiterates “Buy” Rating for QCR Holdings, Inc. (QCRH)” was first posted by WKRB News and is owned by of WKRB News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.wkrb13.com/markets/2223396/qcr-holdings-inc-qcrh-receives-buy-rating-from-maxim-group.html.
QCR Holdings 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), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2223396/qcr-holdings-inc-qcrh-receives-buy-rating-from-maxim-group.html
Receive News & Ratings for QCR Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.