ValuEngine Upgrades QCR (QCRH) to “Sell”

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

A number of other research firms have also weighed in on QCRH. BidaskClub raised shares of QCR from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Piper Jaffray Companies reissued a “buy” rating and set a $52.00 price target on shares of QCR in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock currently 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 stock has a market cap 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 has a 1 year low of $36.50 and a 1 year high of $49.70. 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 (NASDAQ:QCRH) last released its quarterly earnings results on Thursday, July 19th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). QCR had a net margin of 20.84% and a return on equity of 11.54%. The firm had revenue of $41.00 million for the quarter, compared to the consensus estimate of $41.58 million. As a group, research analysts anticipate that QCR will post 3.1 EPS for the current fiscal year.

In related news, CEO Thomas D. Budd sold 824 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction of $35,432.00. Following the transaction, the chief executive officer now directly owns 2,116 shares of the company’s stock, valued at $90,988. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in QCRH. Swiss National Bank raised its position in QCR by 7.3% in the first quarter. Swiss National Bank now owns 21,939 shares of the bank’s stock worth $984,000 after acquiring an additional 1,500 shares during the period. Schwab Charles Investment Management Inc. raised its position in QCR by 8.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 59,282 shares of the bank’s stock worth $2,659,000 after acquiring an additional 4,455 shares during the period. Northern Trust Corp raised its position in QCR by 2.4% in the first quarter. Northern Trust Corp now owns 156,834 shares of the bank’s stock worth $7,035,000 after acquiring an additional 3,744 shares during the period. BlackRock Inc. raised its position in QCR by 7.0% in the first quarter. BlackRock Inc. now owns 1,043,060 shares of the bank’s stock worth $46,782,000 after acquiring an additional 68,531 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in QCR by 24.7% in the first quarter. Dimensional Fund Advisors LP now owns 366,810 shares of the bank’s stock worth $16,452,000 after acquiring an additional 72,619 shares during the period. 56.86% of the stock is currently 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for QCR (NASDAQ:QCRH)

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