QCR Holdings, Inc. (NASDAQ:QCRH) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.

QCRH has been the topic of a number of other reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $46.00 price objective on shares of QCR Holdings in a research note on Monday, April 10th. Maxim Group reiterated a “buy” rating and set a $53.00 price objective on shares of QCR Holdings in a research note on Thursday, June 15th. Finally, BidaskClub lowered QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.75.

QCR Holdings (QCRH) traded down 1.30% during mid-day trading on Monday, hitting $45.50. The stock had a trading volume of 26,540 shares. The company’s 50 day moving average is $47.45 and its 200-day moving average is $44.55. QCR Holdings has a 52 week low of $27.48 and a 52 week high of $50.00. The stock has a market capitalization of $599.46 million, a P/E ratio of 18.72 and a beta of 0.61.

QCR Holdings (NASDAQ:QCRH) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.01. QCR Holdings had a net margin of 21.11% and a return on equity of 11.34%. The company had revenue of $34.83 million for the quarter, compared to the consensus estimate of $36.49 million. On average, analysts expect that QCR Holdings will post $2.72 EPS for the current fiscal year.

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In related news, EVP Cathie Whiteside sold 5,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $46.23, for a total transaction of $231,150.00. Following the completion of the transaction, the executive vice president now directly owns 17,255 shares in the company, valued at $797,698.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.80% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC acquired a new position in QCR Holdings during the second quarter valued at approximately $4,119,000. Bank of New York Mellon Corp boosted its position in QCR Holdings by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 67,856 shares of the bank’s stock valued at $3,217,000 after buying an additional 3,545 shares during the last quarter. Prudential Financial Inc. boosted its position in QCR Holdings by 22.0% in the second quarter. Prudential Financial Inc. now owns 52,210 shares of the bank’s stock valued at $2,475,000 after buying an additional 9,410 shares during the last quarter. Federated Investors Inc. PA boosted its position in QCR Holdings by 24.5% in the second quarter. Federated Investors Inc. PA now owns 31,016 shares of the bank’s stock valued at $1,470,000 after buying an additional 6,103 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in QCR Holdings by 0.4% in the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 60.77% of the company’s stock.

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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