QCR (NASDAQ:QCRH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $39.00 price objective on the bank’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.59% from the stock’s current price.
According to Zacks, “QCR Holdings, Inc. is the bank holding company of Quad City Bank and Trust Company. The Bank provides full service commercial and consumer banking, and trust and asset management services. “
A number of other brokerages have also recently issued reports on QCRH. BidaskClub upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 27th. ValuEngine cut shares of QCR from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. Finally, Maxim Group restated a “buy” rating and set a $43.00 target price on shares of QCR in a research report on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.75.
Shares of QCR stock opened at $34.64 on Tuesday. QCR has a 1 year low of $30.15 and a 1 year high of $49.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm has a market cap of $552.27 million, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72.
QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Thursday, January 24th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The company had revenue of $54.87 million for the quarter, compared to the consensus estimate of $48.73 million. QCR had a net margin of 19.21% and a return on equity of 11.18%. On average, research analysts forecast that QCR will post 3.53 EPS for the current year.
In other QCR news, CEO John H. Anderson sold 3,069 shares of QCR stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $34.20, for a total transaction of $104,959.80. Following the completion of the transaction, the chief executive officer now owns 4,285 shares in the company, valued at $146,547. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.80% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of QCR by 0.9% in the fourth quarter. BlackRock Inc. now owns 925,327 shares of the bank’s stock valued at $29,694,000 after buying an additional 8,240 shares during the last quarter. Vanguard Group Inc. raised its position in shares of QCR by 4.1% in the third quarter. Vanguard Group Inc. now owns 603,887 shares of the bank’s stock valued at $24,670,000 after buying an additional 23,735 shares during the last quarter. Vanguard Group Inc raised its position in shares of QCR by 4.1% in the third quarter. Vanguard Group Inc now owns 603,887 shares of the bank’s stock valued at $24,670,000 after buying an additional 23,735 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of QCR by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock valued at $17,528,000 after buying an additional 35,714 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of QCR by 1.4% in the third quarter. Renaissance Technologies LLC now owns 518,100 shares of the bank’s stock valued at $21,164,000 after buying an additional 7,400 shares during the last quarter. 58.07% of the stock is owned by institutional investors and hedge funds.
QCR Company Profile
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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