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

Fundamentals

Flawless balance sheet and fair value.


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


Market Performance


7 Day Return

-0.05%

QCRH

1.4%

US Banks

1.0%

US Market


1 Year Return

0.2%

QCRH

0.2%

US Banks

6.7%

US Market

Return vs Industry: QCRH matched the US Banks industry which returned 0.2% over the past year.

Return vs Market: QCRH underperformed the US Market which returned 6.7% over the past year.


Share holder returns

QCRHIndustryMarket
7 Day-0.05%1.4%1.0%
30 Day-3.1%-2.6%-1.8%
90 Day12.2%0.8%-1.8%
1 Year0.9%0.2%3.1%0.2%9.1%6.7%
3 Year22.7%20.8%52.0%41.5%46.1%36.6%
5 Year117.4%111.7%69.7%51.2%66.9%48.6%

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 based on future cash flows and its price relative to the stock market?

34%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: QCRH ($37.86) is trading below our estimate of fair value ($57.21)

Significantly Undervalued: QCRH is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: QCRH is good value based on its PE Ratio (12.2x) compared to the Banks industry average (12.5x).

PE vs Market: QCRH is good value based on its PE Ratio (12.2x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: QCRH is poor value based on its PEG Ratio (4.2x)


Price Based on Value of Assets

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 expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

2.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: QCRH's forecast earnings growth (2.9% per year) is above the savings rate (2.7%).

Earnings vs Market: QCRH's earnings (2.9% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: QCRH's revenue (0.1% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: QCRH's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: QCRH's Return on Equity is forecast to be low in 3 years time (10.1%).


Next Steps

Past Performance

How has QCR Holdings performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: QCRH's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: QCRH's earnings growth over the past year (25.3%) is below its 5-year average (27.7% per year).

Earnings vs Industry: QCRH earnings growth over the past year (25.3%) underperformed the Banks industry 31.8%.


Return on Equity

High ROE: QCRH's Return on Equity (9.6%) is considered low.


Return on Assets

ROA vs Industry: QCRH's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate QCRH's Return on Capital Employed to determine if it has improved over the past 3 years.


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 covered by short term assets (assets are 1.305280x debt).


Financial Institutions Analysis

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

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 (0.37%)


Next Steps

Dividend

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

0.73%

Expected Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years0.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: QCRH's dividend (0.63%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: QCRH's dividend (0.63%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 .


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

What is the CEO of QCR Holdings's salary, the management and board of directors tenure and is there insider trading?

0.4yrs

Average management tenure


CEO

Larry Helling (63yo)

0.4yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

0.4yrs

Average Tenure

55yo

Average Age

Experienced Management: QCRH's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Age and Tenure

10.4yrs

Average Tenure

61yo

Average Age

Experienced Board: QCRH's board of directors are seasoned and experienced ( 10.4 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$5,90829 Aug 19
John Anderson
EntityIndividual
Role
Unit Board Member
Executive VP & Chief Deposit Officer
Shares167
Max PriceUS$35.38
SellUS$58,50001 Aug 19
Robert Fulp
EntityIndividual
Role
Unit CEO
Chief Executive Officer of SFC Bank
Shares1,500
Max PriceUS$39.00
SellUS$19,28915 Mar 19
John Anderson
EntityIndividual
Role
Unit Board Member
Executive VP & Chief Deposit Officer
Shares564
Max PriceUS$34.20
BuyUS$13,85814 Dec 18
Elizabeth Grabin
EntityIndividual
Shares410
Max PriceUS$33.80
BuyUS$670,29413 Dec 18
Michael Peterson
EntityIndividual
Shares20,000
Max PriceUS$33.51
BuyUS$86,66313 Dec 18
Todd Gipple
EntityIndividual
Role
Member of the Board of Directors
President
Shares2,564
Max PriceUS$33.80

Ownership Breakdown


Management Team

  • John Anderson (54yo)

    Executive VP & Chief Deposit Officer

    • Tenure: 0yrs
    • Compensation: US$463.01k
  • Mike Bauer (70yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: US$899.26k
  • Larry Helling (63yo)

    CEO & Director

    • Tenure: 0.4yrs
    • Compensation: US$664.93k
  • Todd Gipple (55yo)

    President

    • Tenure: 10.4yrs
    • Compensation: US$801.67k
  • Rob Fulp

    Chief Executive Officer of SFC Bank

    • Tenure: 0yrs
    • Compensation: US$670.52k
  • Rand Westlund

    Chief Investment Officer & Executive VP

    • Tenure: 0yrs
  • Peter Benson

    Executive VP & Chief Legal Officer

    • Tenure: 0yrs
  • Chris Lindell

    EVP of Corporate Communications & Investor Relations and Corporate Secretary

    • Tenure: 0yrs
  • Nick Anderson (44yo)

    Chief Accounting Officer

    • Tenure: 0yrs
  • Reba Winter

    Chief Information Officer

    • Tenure: 0.3yrs

Board Members

  • John Anderson (54yo)

    Executive VP & Chief Deposit Officer

    • Tenure: 0yrs
    • Compensation: US$463.01k
  • Mike Bauer (70yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: US$899.26k
  • Larry Helling (63yo)

    CEO & Director

    • Tenure: 0.4yrs
    • Compensation: US$664.93k
  • Pat Baird (65yo)

    Independent Chairman of the Board

    • Tenure: 3.4yrs
    • Compensation: US$77.93k
  • Todd Gipple (55yo)

    President

    • Tenure: 10.4yrs
    • Compensation: US$801.67k
  • Mark Kilmer (60yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$56.52k
  • Marie Ziegler (61yo)

    Independent Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$75.48k
  • Donna Sorensen (69yo)

    Independent Director

    • Tenure: 10.4yrs
    • Compensation: US$55.97k
  • George Ralph (59yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$67.22k
  • Kurt Gibson

    CEO, President & Director of Community State Bank

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: QCR Holdings, Inc.
  • Ticker: QCRH
  • Exchange: NasdaqGM
  • Founded: 1993
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$597.420m
  • Shares outstanding: 15.78m
  • Website: https://www.qcrh.com

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 se ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:21
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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