QCR Holdings, Inc. (QCRH) is a multi-banked financial holding company based in Moline, Illinois. The institution was founded with the inception of Quad City Bank & Trust Company in 1994, which was organized by a group of community leaders from the Quad Cities area. Over the years, the company has grown significantly through a number of strategic acquisitions and expansion into new markets.
As of today, QCRH through its wholly-owned subsidiary banks, serves the Quad Cities, Cedar Rapids, Waterloo, Des Moines/Ankeny, Rockford, Springfield, and the surrounding areas. The company's subsidiary banks include Quad City Bank & Trust Company, based in Bettendorf, Iowa, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, Community State Bank, based in Ankeny, Iowa, and Rockford Bank and Trust Company, based in Rockford, Illinois.
QCRH operates in two segments: Commercial Banking and Wealth Management. The Commercial Banking segment serves commercial and industrial, commercial real estate and construction and land development customers. It offers a full suite of banking products and services such as business banking, lending, equipment leasing, treasury management, and capital markets and international banking services.
On the other hand, the Wealth Management segment offers wealth planning, portfolio management, trust and estate services, and private banking. This division also provides personal trust and agency services, including the administration of estates, testamentary trusts, revocable and irrevocable trusts, and conservatorships.
The company places a strong emphasis on maintaining a community-centric approach. Its community banking model allows its subsidiary banks to make local decisions based on their deep knowledge of the communities and customers they serve, while leveraging the broader resources and services of the holding company. Internally, QCRH encourages autonomy, entrepreneurial spirit, and a strong commitment to customer service.
Despite the challenging economic environment in recent years, QCRH has shown steady financial performance. The company has a reputation for delivering strong shareholder returns while simultaneously investing in local communities. This balance has allowed QCRH to maintain its growth momentum while staying true to its commitment to community development.
In conclusion, QCRH has grown and evolved over the years but its guiding principles remain unfaltering: to deliver high-quality customer service, maintain resilient operational practices and foster sustainable community impact. These core values, coupled with its robust financial performance, have positioned QCRH as a leading player in the financial services sector.
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This article recommends avoiding QCR Holdings (QCRH) due to concerns about its net interest income growth and valuation. While the stock has risen with the S&P 500, its net interest income growth has been only average for the banking industry, and future projections show a deceleration. The article suggests that despite a fair valuation, the upside potential for QCRH is limited, advising investors to seek better opportunities, particularly in software and edge computing.
Stephens upgraded QCR Holdings (NASDAQ:QCRH) stock rating to "hold" while the overall analyst consensus remains a "Moderate Buy" with an average price target of $108.40. QCR recently reported quarterly EPS of $2.19, surpassing the $1.91 estimate, though revenue of $97.34 million fell short of expectations. The company's shares opened at $99.98, with institutional investors owning approximately 70.01% of the company.
Stephens initiated coverage on QCR (NASDAQ:QCRH) with an "equal weight" rating and a $107 price target, suggesting a 6.07% upside. This follows QCR exceeding its quarterly earnings expectations with $2.19 EPS against a $1.91 consensus, and institutional investors holding a significant 70.01% of the stock. Overall analyst sentiment remains positive, with a consensus "Moderate Buy" rating and an average price target of $108.40.
QCR Holdings, Inc. (NASDAQ:QCRH) has received an average rating of "Moderate Buy" from analysts, with four out of six analysts recommending a buy and two a hold, and a 12-month average price target of $108.75. The company recently reported quarterly EPS of $2.19, surpassing estimates, and increased its quarterly dividend to $0.15 per share. Institutional investors hold a significant portion of the company's stock, with hedge funds modifying their positions in the second quarter.
Wellington Management Group LLP increased its stake in QCR Holdings, Inc. by 18.4% during the second quarter, now owning 284,295 shares valued at $27.7 million. This comes as QCR Holdings reported strong quarterly earnings, beating estimates, and raised its quarterly dividend. Analysts maintain a "Moderate Buy" consensus for the stock with an average price target of $108.75.
Bank of New York Mellon Corp has acquired a new position in QCR Holdings, Inc. (NASDAQ:QCRH), purchasing 74,989 shares valued at approximately $7.30 million during the second quarter. This move makes them a significant institutional investor, holding about 0.45% of QCR. The article also details other institutional investor activity, analyst ratings, QCR's recent financial performance, a dividend increase, and insider trading activity by CEO Laura Ekizian.
Bank of America Corp DE significantly increased its stake in QCR Holdings, Inc. by 101.5% in the first quarter, now holding 42,709 shares valued at $3.65 million. Institutional investors own 70.01% of QCR's outstanding stock, and analyst sentiment is positive with a "Moderate Buy" consensus and an average price target of $108.75. QCR Holdings also reported strong quarterly EPS, beating expectations, and raised its quarterly dividend from $0.10 to $0.15 per share.