QCR Holdings price target raised to $97 from $92.50 at Piper Sandler

Piper Sandler raised the firm’s price target on QCR Holdings (QCRH) to $97 from $92.50 and keeps an Overweight rating on the shares. The firm believes QCR is among the best positioned to outperform via its above average organic loan and deposit growth outlook as well as with its liability sensitive balance sheet that should drive both superior net interest margin expansion and net interest income increases. Piper also believes the company’s recently more proactive excess capital management approach via buybacks, differentiated LIHTC business that contributes to both continued superior profitability and TBV growth prospects, as well as its more benign credit profile should help.