QCR (NASDAQ:QCRH) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.
Several other equities research analysts have also commented on QCRH. ValuEngine lowered shares of QCR from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $52.00 price target on shares of QCR in a report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. QCR has a consensus rating of “Hold” and an average price target of $53.60.
Shares of NASDAQ QCRH opened at $37.45 on Thursday. The firm has a market capitalization of $639.89 million, a P/E ratio of 14.08, a P/E/G ratio of 1.32 and a beta of 0.40. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.98. QCR has a one year low of $36.50 and a one year high of $49.70.
QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Thursday, July 19th. The bank reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.02). The company had revenue of $41.00 million during the quarter, compared to analysts’ expectations of $41.58 million. QCR had a return on equity of 11.54% and a net margin of 20.84%. Equities research analysts expect that QCR will post 3.1 earnings per share for the current year.
In other news, CEO Thomas D. Budd sold 824 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction of $35,432.00. Following the completion of the sale, the chief executive officer now owns 2,116 shares of the company’s stock, valued at $90,988. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Employees Retirement System of Texas purchased a new stake in shares of QCR during the second quarter worth $1,186,000. Swiss National Bank grew its holdings in shares of QCR by 10.0% during the second quarter. Swiss National Bank now owns 24,139 shares of the bank’s stock worth $1,145,000 after buying an additional 2,200 shares in the last quarter. Northern Trust Corp grew its holdings in shares of QCR by 2.4% during the first quarter. Northern Trust Corp now owns 156,834 shares of the bank’s stock worth $7,035,000 after buying an additional 3,744 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of QCR by 8.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 59,282 shares of the bank’s stock worth $2,659,000 after buying an additional 4,455 shares in the last quarter. Finally, BKD Wealth Advisors LLC purchased a new stake in shares of QCR during the third quarter worth $771,000. 56.86% of the stock is owned by institutional investors and hedge funds.
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 time deposits.
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