QCR (QCRH) Rating Increased to Buy at ValuEngine

QCR (NASDAQ:QCRH) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued reports about the company. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Maxim Group decreased their price target on QCR from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies set a $55.00 price target on QCR and gave the stock a “buy” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. QCR has an average rating of “Buy” and an average target price of $52.67.

Shares of QCR (NASDAQ QCRH) traded down $0.45 during trading on Friday, hitting $44.95. The stock had a trading volume of 26,315 shares, compared to its average volume of 39,539. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $630.56, a P/E ratio of 17.46, a PEG ratio of 1.72 and a beta of 0.55. QCR has a 12 month low of $38.75 and a 12 month high of $50.00.

In other QCR news, CFO Todd A. Gipple sold 5,920 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were 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 $2,113,966. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCRH. Macquarie Group Ltd. bought a new stake in shares of QCR during the third quarter valued at approximately $132,000. Citigroup Inc. raised its holdings in shares of QCR by 142.1% during 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 last quarter. Citadel Advisors LLC bought a new stake in shares of QCR during the second quarter valued at approximately $200,000. Busey Trust CO bought a new stake in QCR during the second quarter worth approximately $213,000. Finally, Voya Investment Management LLC bought a new stake in QCR during the second quarter worth approximately $224,000. 59.65% of the stock is currently owned by institutional investors.

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QCR 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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