KBW Reiterates a Buy Rating on QCR Holdings

By Jason Carr

KBW analyst Damon Delmonte reiterated a Buy rating on QCR Holdings (NASDAQ: QCRH) today and set a price target of $47. The company’s shares opened today at $43.95.

According to TipRanks.com, Delmonte is a top 100 analyst with an average return of 24.8% and a 90.9% success rate. Delmonte covers the Financial sector, focusing on stocks such as First Financial Corporation Indiana, Univest Corporation Of Pennsylvania, and Western New England Bancorp Inc.

Currently, the analyst consensus on QCR Holdings is Moderate Buy and the average price target is $48.50, representing a 10.4% upside.

In a report released today, Maxim Group also reiterated a Buy rating on the stock with a $50 price target.

Based on QCR Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $38.63 million and quarterly net profit of $9.19 million. In comparison, last year the company earned revenue of $30.31 million and had a net profit of $6.37 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock. Last month, Thomas Budd, the President of QCRH sold 667 shares for a total of $29,882.

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 provides commercial banking services. Its principal business consists of deposits and investing those deposits in loans or leases and securities. It operates through the following segments: Commercial Banking, Wealth Management, and All Other. The Commercial Banking segment is geographically divided by markets into the secondary segments which are the three subsidiary banks wholly-owned by the company: Quad City Bank & Trust Co., Cedar Rapids Bank & Trust Co. and Rockford Bank & Trust Co. These subsidiaries offers similar products and services, but are managed separately due to different pricing, product demand, and consumer markets. The Wealth Management segment represents the trust and asset management and investment management and advisory services offered at the company’s three subsidiary banks. The All Other segment includes the operations of all other consolidated subsidiaries and defined operating segments that fall below the segment reporting thresholds. This segment includes the corporate operations of the parent company and the real estate holding operations. The company was founded by Douglas M. Hultquist and Michael A. Bauer in February 1993 and is headquartered in Moline, IL.