QCR Holdings, Inc. (NASDAQ:QCRH) had its price target reduced by stock analysts at Maxim Group from $53.00 to $51.00 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the bank’s stock. Maxim Group’s target price suggests a potential upside of 10.39% from the company’s current price.

Other equities analysts have also issued research reports about the company. ValuEngine lowered QCR Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub lowered QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods set a $52.00 price objective on QCR Holdings and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, Piper Jaffray Companies set a $55.00 price objective on QCR Holdings and gave the stock a “buy” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.67.

QCR Holdings (QCRH) traded down $1.10 during midday trading on Friday, reaching $46.20. The company’s stock had a trading volume of 23,105 shares, compared to its average volume of 28,888. The company has a market capitalization of $630.72 million, a price-to-earnings ratio of 18.40 and a beta of 0.59.

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In other news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total value of $254,560.00. Following the transaction, the chief financial officer now owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Cathie Whiteside sold 5,000 shares of the company’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 completion of the transaction, the executive vice president now directly owns 17,255 shares in the company, valued at approximately $797,698.65. The disclosure for this sale can be found here. Insiders have sold 11,775 shares of company stock worth $523,135 in the last three months. 8.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of QCR Holdings by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 513,341 shares of the bank’s stock valued at $24,332,000 after purchasing an additional 35,533 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of QCR Holdings by 2.2% in the 2nd quarter. Renaissance Technologies LLC now owns 305,500 shares of the bank’s stock valued at $14,481,000 after purchasing an additional 6,500 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of QCR Holdings by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 289,332 shares of the bank’s stock valued at $13,714,000 after purchasing an additional 6,331 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of QCR Holdings by 11.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 225,146 shares of the bank’s stock valued at $10,672,000 after purchasing an additional 22,637 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of QCR Holdings by 9.8% in the 2nd quarter. State Street Corp now owns 223,447 shares of the bank’s stock valued at $10,590,000 after purchasing an additional 19,994 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors and hedge funds.

QCR Holdings Company Profile

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), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.

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