In a report released today, Nathan Race from Piper Sandler maintained a Buy rating on QCR Holdings (QCRH), with a price target of $37.00. The company’s shares closed last Tuesday at $26.71.
According to TipRanks.com, Race has 0 stars on 0-5 stars ranking scale with an average return of -9.8% and a 27.2% success rate. Race covers the Financial sector, focusing on stocks such as Midwestone Financial Group, First Internet Bancorp, and Midland States Bancrop.
QCR Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $37.00.
See today’s analyst top recommended stocks >>
Based on QCR Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $68.52 million and net profit of $13.74 million. In comparison, last year the company earned revenue of $54.05 million and had a net profit of $13.5 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
QCR Holdings, Inc. operates as a multi-bank holding company which engages in the provision of commercial banking services. It operates through the following segments: Commercial Banking, Wealth Management and All Other. The Commercial Banking segment comprises of the firm’s subsidiary banks namely Quad City Bank & Trust Co., Cedar Rapids Bank & Trust Co., Community State Bank, and Rockford Bank & Trust Co. The Wealth Management segment represents the trust and asset management and investment management and advisory services. The All Other segment includes the operations of all other consolidated subsidiaries and defined operating segments that fall below the segment reporting thresholds. The company was founded by Douglas M. Hultquist and Michael A. Bauer in 1993 and is headquartered in Moline, IL.
