QCR (QCRH) Stock Rating Upgraded by BidaskClub

Share on StockTwits

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

Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a research note on Thursday. Piper Jaffray Companies restated a “buy” rating and set a $52.00 price objective on shares of QCR in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company presently 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 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 12 month low of $36.50 and a 12 month high of $49.70. The company has a market cap of $639.89 million, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.32 and a beta of 0.40.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Thursday, July 19th. The bank reported $0.77 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 for the quarter, compared to analyst estimates of $41.58 million. As a group, equities research analysts forecast that QCR will post 3.1 earnings per share for the current year.

In other QCR news, CEO Thomas D. Budd sold 824 shares of QCR 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 sale, the chief executive officer now directly owns 2,116 shares in the company, valued at approximately $90,988. 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. BKD Wealth Advisors LLC purchased a new position in shares of QCR during the 3rd quarter valued at approximately $771,000. Northern Trust Corp increased its holdings in shares of QCR by 6.6% during the 2nd quarter. Northern Trust Corp now owns 167,135 shares of the bank’s stock valued at $7,930,000 after purchasing an additional 10,301 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of QCR by 141.8% during the 2nd quarter. California Public Employees Retirement System now owns 23,537 shares of the bank’s stock valued at $1,117,000 after purchasing an additional 13,801 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of QCR by 148.8% during the 2nd quarter. Macquarie Group Ltd. now owns 5,350 shares of the bank’s stock valued at $254,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of QCR by 21.8% during the 2nd quarter. Bank of America Corp DE now owns 86,297 shares of the bank’s stock valued at $4,095,000 after purchasing an additional 15,463 shares in the last quarter. 56.86% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: What does EPS mean?

Analyst Recommendations for QCR (NASDAQ:QCRH)

Receive News & Ratings for QCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply