QCR (QCRH) Upgraded at ValuEngine

QCR (NASDAQ:QCRH) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.

Several other brokerages have also recently commented on QCRH. BidaskClub raised shares of QCR from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $52.00 price objective on shares of QCR in a research note 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. The stock has an average rating of “Hold” and a consensus price target of $53.60.

NASDAQ QCRH opened at $37.45 on Thursday. QCR has a 12-month low of $36.50 and a 12-month high of $49.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $639.89 million, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.32 and a beta of 0.40.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Thursday, July 19th. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.02). QCR had a net margin of 20.84% and a return on equity of 11.54%. The business had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.58 million. Research analysts predict that QCR will post 3.1 earnings per share for the current fiscal year.

In related news, CEO Thomas D. Budd sold 824 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,116 shares of the company’s stock, valued at $90,988. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 8.80% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Mount Yale Investment Advisors LLC purchased a new position in QCR during the first quarter valued at approximately $139,000. Barclays PLC grew its stake in QCR by 82.8% during the first quarter. Barclays PLC now owns 3,514 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,592 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in QCR during the second quarter valued at approximately $206,000. A.R.T. Advisors LLC purchased a new position in QCR during the first quarter valued at approximately $239,000. Finally, Macquarie Group Ltd. grew its stake in QCR by 148.8% during the second quarter. Macquarie Group Ltd. now owns 5,350 shares of the bank’s stock valued at $254,000 after acquiring an additional 3,200 shares in the last quarter. 56.86% of the stock is owned by institutional investors.

About QCR

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for QCR (NASDAQ:QCRH)

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