QCR Holdings, Inc. (QCRH, Financial) reported a notable increase in its tangible book value per share, reaching $51.64 in the first quarter. The company's Common Equity Tier 1 (CET1) capital ratio came in at a solid 10.26%, showcasing its financial strength and stability.
The net charge-offs for the quarter were minimal, standing at 0.06%, indicating effective management of loan quality. The CEO highlighted the company’s success in expanding margins and robust deposit growth, coupled with disciplined expense management practices. Additionally, QCR Holdings experienced strong revenue growth in its wealth management division.
The performance was further supported by continued loan growth and excellent asset quality, which collectively enhanced the company's capital levels. Contributing to the positive results was a significant boost in the tangible book value per share, underscoring QCR Holdings' solid financial footing and strategic direction in the current economic climate.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for QCR Holdings Inc (QCRH, Financial) is $95.40 with a high estimate of $99.00 and a low estimate of $90.00. The average target implies an upside of 40.25% from the current price of $68.02. More detailed estimate data can be found on the QCR Holdings Inc (QCRH) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, QCR Holdings Inc's (QCRH, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for QCR Holdings Inc (QCRH, Financial) in one year is $49.25, suggesting a downside of 27.59% from the current price of $68.02. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the QCR Holdings Inc (QCRH) Summary page.
