ValuEngine upgraded shares of QCR (NASDAQ:QCRH) from a hold rating to a buy rating in a research report sent to investors on Friday.
A number of other analysts have also weighed in on the stock. Maxim Group dropped their target price on shares of QCR from $53.00 to $51.00 and set a buy rating for the company in a report on Friday, November 3rd. Piper Jaffray Companies set a $55.00 target price on shares of QCR and gave the stock a buy rating in a report on Friday, October 6th. Finally, BidaskClub lowered shares of QCR from a sell rating to a strong sell rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. QCR currently has an average rating of Buy and a consensus target price of $52.67.
QCR (NASDAQ QCRH) traded up $0.25 during trading on Friday, hitting $45.20. 63,200 shares of the stock were exchanged, compared to its average volume of 40,512. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $624.31, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.71 and a beta of 0.54. QCR has a one year low of $38.75 and a one year high of $50.00.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 annualized dividend and a yield of 0.44%. QCR’s dividend payout ratio (DPR) is presently 7.84%.
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 completion of the sale, the chief financial officer now directly owns 49,162 shares in the company, valued at $2,113,966. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan bought a new stake in shares of QCR during the second quarter valued at approximately $723,000. Bessemer Group Inc. increased its position in shares of QCR by 0.4% during the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after acquiring an additional 100 shares in the last quarter. Busey Trust CO bought a new stake in shares of QCR during the second quarter valued at approximately $213,000. Cigna Investments Inc. New bought a new stake in shares of QCR during the second quarter valued at approximately $383,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of QCR by 23.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 22,062 shares of the bank’s stock valued at $1,046,000 after acquiring an additional 4,200 shares in the last quarter. 59.71% of the stock is owned by institutional investors and hedge funds.
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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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