ValuEngine upgraded shares of QCR (NASDAQ:QCRH) from a sell rating to a hold rating in a research note published on Friday.
Other equities analysts have also issued research reports about the company. Piper Jaffray Companies reissued a buy rating and set a $52.00 price objective on shares of QCR in a research note on Monday, July 23rd. BidaskClub raised QCR from a sell rating to a hold rating in a research note on Thursday, June 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. QCR currently has an average rating of Buy and an average target price of $53.60.
NASDAQ QCRH traded up $0.15 on Friday, reaching $43.35. 41,019 shares of the company were exchanged, compared to its average volume of 40,940. The firm has a market capitalization of $676.70 million, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.40 and a beta of 0.38. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 0.97. QCR has a fifty-two week low of $40.40 and a fifty-two week high of $49.70.
QCR (NASDAQ:QCRH) last released its quarterly earnings data on Thursday, July 19th. The bank reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.02). The company had revenue of $41.00 million for the quarter, compared to analyst estimates of $41.58 million. QCR had a return on equity of 11.54% and a net margin of 20.84%. sell-side analysts forecast that QCR will post 3.1 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Friday, September 21st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, September 20th. QCR’s dividend payout ratio (DPR) is currently 9.02%.
In other QCR news, CEO Thomas D. Budd sold 856 shares of the business’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $49.50, for a total transaction of $42,372.00. Following the transaction, the chief executive officer now owns 4,045 shares of the company’s stock, valued at $200,227.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of QCR by 7.3% in the 2nd quarter. BlackRock Inc. now owns 1,119,175 shares of the bank’s stock valued at $53,102,000 after purchasing an additional 76,115 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of QCR by 18.6% in the 2nd quarter. Renaissance Technologies LLC now owns 510,700 shares of the bank’s stock valued at $24,233,000 after purchasing an additional 80,200 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of QCR by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 447,660 shares of the bank’s stock valued at $21,242,000 after purchasing an additional 80,850 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. lifted its stake in shares of QCR by 9.8% in the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 235,491 shares of the bank’s stock valued at $11,174,000 after purchasing an additional 21,105 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of QCR by 1.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 226,177 shares of the bank’s stock valued at $10,144,000 after purchasing an additional 2,523 shares during the last quarter. 56.86% of the stock is currently 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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