BidaskClub cut shares of QCR Holdings, Inc. (NASDAQ:QCRH) from a buy rating to a hold rating in a research report sent to investors on Monday, July 24th.
Other equities analysts have also issued research reports about the stock. Maxim Group restated a buy rating and issued a $53.00 target price on shares of QCR Holdings in a report on Thursday, June 15th. ValuEngine raised shares of QCR Holdings from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $47.00 price objective on shares of QCR Holdings in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $43.75.
Shares of QCR Holdings (QCRH) traded up 0.23% during mid-day trading on Monday, hitting $43.65. The company’s stock had a trading volume of 30,081 shares. The stock has a market cap of $575.35 million, a PE ratio of 17.96 and a beta of 0.61. The company has a 50-day moving average price of $46.42 and a 200-day moving average price of $44.76. QCR Holdings has a 1-year low of $28.70 and a 1-year high of $50.00.
QCR Holdings (NASDAQ:QCRH) last posted its earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $34.83 million for the quarter, compared to the consensus estimate of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. Analysts predict that QCR Holdings will post $2.72 EPS for the current fiscal year.
In other QCR Holdings news, EVP Cathie Whiteside sold 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $46.23, for a total value of $231,150.00. Following the sale, the executive vice president now owns 17,255 shares of the company’s stock, valued at approximately $797,698.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 8,052 shares of company stock worth $370,937. 8.80% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. boosted its position in shares of QCR Holdings by 142.1% in the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after buying an additional 1,883 shares during the period. Citadel Advisors LLC bought a new stake in shares of QCR Holdings during the second quarter worth approximately $200,000. Busey Trust CO bought a new stake in shares of QCR Holdings during the second quarter worth approximately $213,000. Voya Investment Management LLC acquired a new stake in shares of QCR Holdings during the second quarter valued at about $224,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of QCR Holdings during the second quarter valued at about $244,000. 61.66% of the stock is owned by institutional investors.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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