NasdaqGM:QCRH

Stock Analysis Report

Executive Summary

QCR Holdings, Inc., a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has QCR Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: QCRH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

QCRH

-1.5%

US Banks

0.06%

US Market


1 Year Return

16.7%

QCRH

9.7%

US Banks

19.4%

US Market

Return vs Industry: QCRH exceeded the US Banks industry which returned 9.7% over the past year.

Return vs Market: QCRH underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

QCRHIndustryMarket
7 Day-1.1%-1.5%0.06%
30 Day-0.6%-2.8%1.1%
90 Day2.9%0.3%8.9%
1 Year17.5%16.7%12.9%9.7%21.9%19.4%
3 Year-4.4%-6.0%22.5%13.7%48.9%39.3%
5 Year145.4%139.2%72.4%52.8%71.9%53.1%

Price Volatility Vs. Market

How volatile is QCR Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is QCR Holdings undervalued compared to its fair value and its price relative to the market?

38.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QCRH ($42.16) is trading below our estimate of fair value ($68.84)

Significantly Below Fair Value: QCRH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: QCRH is good value based on its PE Ratio (11.6x) compared to the Banks industry average (12.6x).

PE vs Market: QCRH is good value based on its PE Ratio (11.6x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: QCRH is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: QCRH is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is QCR Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QCRH's forecast earnings growth (4.7% per year) is above the savings rate (1.7%).

Earnings vs Market: QCRH's earnings (4.7% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: QCRH's earnings are forecast to grow, but not significantly.

Revenue vs Market: QCRH's revenue (1.7% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: QCRH's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QCRH's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has QCR Holdings performed over the past 5 years?

27.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QCRH has high quality earnings.

Growing Profit Margin: QCRH's current net profit margins (25.3%) are higher than last year (25.2%).


Past Earnings Growth Analysis

Earnings Trend: QCRH's earnings have grown significantly by 27.6% per year over the past 5 years.

Accelerating Growth: QCRH's earnings growth over the past year (33.1%) exceeds its 5-year average (27.6% per year).

Earnings vs Industry: QCRH earnings growth over the past year (33.1%) exceeded the Banks industry 12.3%.


Return on Equity

High ROE: QCRH's Return on Equity (10.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is QCR Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: QCRH has a low level of unsold assets or inventory.

Debt Coverage by Assets: QCRH's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

Asset Level: QCRH's level of assets compared to its equity is low.

Allowance for Bad Loans: QCRH has a sufficient allowance for bad loans.

Low Risk Liabilities: QCRH's liabilities are made up of primarily low risk sources of funding.

Loan Level: QCRH has an acceptable proportion of non-loan assets held.

Low Risk Deposits: QCRH's loans are broadly funded by customer deposits.

Level of Bad Loans: QCRH has an appropriate level of bad loans (0.24%)


Next Steps

Dividend

What is QCR Holdings's current dividend yield, its reliability and sustainability?

0.57%

Current Dividend Yield


Upcoming Dividend Payment

TodayFeb 19 2020Ex Dividend DateMar 19 2020Dividend Pay DateApr 08 202020 days from Ex DividendBuy in the next 28 days to receive upcoming dividend

Dividend Yield vs Market

company0.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years0.7%

Current dividend yield vs market & industry

Notable Dividend: QCRH's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: QCRH's dividend (0.57%) is low compared to the top 25% of dividend payers in the US market (3.7%).


Stability and Growth of Payments

Stable Dividend: QCRH is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: QCRH is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: QCRH is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of QCRH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average management tenure


CEO

Larry Helling (63yo)

0.8yrs

Tenure

US$664,932

Compensation

Mr. Larry J. Helling has been the Chief Executive Officer of QCR Holdings, Inc. since May 23, 2019. Mr. Helling served as Executive Vice President and Chief Lending Officer of QCR Holdings, Inc. until May  ...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD664.93K) is below average for companies of similar size in the US market ($USD2.50M).

Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Larry Helling
CEO & Director0.8yrsUS$664.93k0.46% $3.1m
Todd Gipple
President10.8yrsUS$801.67k0.32% $2.2m
John Anderson
Executive VP & Chief Deposit Officer0yrsUS$463.01k0.25% $1.6m
Robert Fulp
Chief Executive Officer of SFC Bank0yrsUS$670.52k0.18% $1.2m
Michael Bauer
Co-Founder0yrsUS$899.26kno data
M. Westlund
Chief Investment Officer & Executive VP0yrsno datano data
Nick Anderson
Chief Accounting Officer0.3yrsno datano data
Reba Winter
Chief Information Officer0.6yrsno datano data
Christopher Lindell
EVP of Corporate Communications & Investor Relations and Corporate Secretary0yrsno data0.068% $451.8k
Peter Benson
Executive VP & Chief Legal Officer0yrsno datano data

0.7yrs

Average Tenure

55yo

Average Age

Experienced Management: QCRH's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Larry Helling
CEO & Director0.8yrsUS$664.93k0.46% $3.1m
Todd Gipple
President10.8yrsUS$801.67k0.32% $2.2m
Michael Bauer
Co-Founder0yrsUS$899.26kno data
Kurt Gibson
CEO, President & Director of Community State Bank0yrsno data0.023% $156.2k
Patrick Baird
Independent Chairman of the Board3.8yrsUS$77.93k0.51% $3.4m
Mark Kilmer
Independent Director16.1yrsUS$56.52k0.65% $4.3m
Marie Ziegler
Independent Vice Chairman of the Board0yrsUS$75.48k0.28% $1.9m
Michael Peterson
Independent Director6.8yrsUS$36.37k1.62% $10.8m
Donna Sorensen
Independent Director10.8yrsUS$55.97k0.22% $1.5m
George Ralph
Independent Director5yrsUS$67.22k0.14% $949.5k

10.8yrs

Average Tenure

61yo

Average Age

Experienced Board: QCRH's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: QCRH insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.5%.


Top Shareholders

Company Information

QCR Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • QCR Holdings, Inc.
  • 3551 7th Street
  • Moline
  • Illinois
  • 61265
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QCRHNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 1993

Biography

QCR Holdings, Inc., a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered deposits. The company also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies. Its loan portfolio comprises loans to small and mid-sized businesses; business loans, including lines of credit for working capital and operational purposes; term loans for the acquisition of facilities, equipment, and other purposes; commercial and residential real estate loans; and installment and other consumer loans, such as home improvement, home equity, motor vehicle, and signature loans, as well as small personal credit lines. In addition, the company engages in leasing machinery and equipment to commercial and industrial businesses under direct financing lease contracts; and issuing various trust preferred securities. It serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny, Rockford, and Springfield communities. The company was founded in 1993 and is headquartered in Moline, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:05
End of Day Share Price2020/02/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.