Shares of QCR Holdings, Inc. (NASDAQ:QCRH) have been given a consensus recommendation of “Buy” by the eight research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $50.83.
Several brokerages recently weighed in on QCRH. ValuEngine upgraded QCR from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Piper Jaffray Companies set a $45.00 price objective on QCR and gave the stock a “buy” rating in a research report on Thursday, November 1st. Raymond James dropped their price objective on QCR from $49.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, October 31st. Finally, BidaskClub upgraded QCR from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th.
Shares of QCRH stock opened at $37.37 on Friday. 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 has a twelve month low of $34.25 and a twelve month high of $49.60. The firm has a market cap of $589.77 million, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 1.24 and a beta of 0.50.
QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.22). QCR had a return on equity of 11.59% and a net margin of 19.46%. The business had revenue of $47.12 million for the quarter, compared to the consensus estimate of $45.06 million. On average, research analysts expect that QCR will post 3.07 earnings per share for the current fiscal year.
In related news, CEO Thomas D. Budd sold 824 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total transaction of $35,432.00. Following the completion of the sale, the chief executive officer now directly owns 2,116 shares in the company, valued at approximately $90,988. The sale was disclosed in a filing with the SEC, which is available through this link. 8.80% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System bought a new position in QCR in the second quarter valued at about $206,000. Summit X LLC bought a new position in QCR in the third quarter valued at about $250,000. Macquarie Group Ltd. raised its position in QCR by 148.8% in the second quarter. Macquarie Group Ltd. now owns 5,350 shares of the bank’s stock valued at $254,000 after purchasing an additional 3,200 shares during the last quarter. CWM LLC bought a new position in QCR in the second quarter valued at about $254,000. Finally, Hartford Investment Management Co. bought a new position in QCR in the second quarter valued at about $269,000. Hedge funds and other institutional investors own 57.36% of the company’s stock.
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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