QCR (NASDAQ:QCRH) Rating Lowered to Hold at Zacks Research

QCR (NASDAQ:QCRH) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

QCRH has been the subject of several other research reports. Raymond James Financial restated an “outperform” rating and set a $88.00 price target (up previously from $85.00) on shares of QCR in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of QCR in a research note on Monday. DA Davidson restated a “neutral” rating and issued a $83.00 price target on shares of QCR in a research note on Thursday, October 9th. Finally, Piper Sandler lifted their price target on QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

QCR Stock Down 1.7%

NASDAQ:QCRH opened at $82.79 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $80.72 and a 200-day moving average of $76.18. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.56 and a beta of 0.85. QCR has a 52 week low of $60.83 and a 52 week high of $88.15.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Friday, November 7th. The bank reported $2.17 earnings per share (EPS) for the quarter. The business had revenue of $101.45 million during the quarter. QCR had a return on equity of 12.04% and a net margin of 20.64%. Analysts predict that QCR will post 6.82 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of QCR in the 3rd quarter valued at approximately $51,000. Quadrant Capital Group LLC acquired a new stake in QCR during the 3rd quarter valued at $72,000. Russell Investments Group Ltd. purchased a new stake in shares of QCR in the third quarter valued at $104,000. Entropy Technologies LP purchased a new stake in shares of QCR in the second quarter valued at $210,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of QCR in the third quarter worth $218,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.