QCR Holdings, Inc. (NASDAQ:QCRH) has been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $53.60.
QCRH has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $56.00 price target on shares of QCR in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $54.00 price target on shares of QCR in a research note on Friday, December 22nd. Maxim Group dropped 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. ValuEngine upgraded QCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, BidaskClub cut QCR from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th.
QCR (NASDAQ QCRH) traded down $0.20 during midday trading on Thursday, reaching $43.75. The company’s stock had a trading volume of 46,699 shares, compared to its average volume of 57,901. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. QCR has a 12-month low of $39.85 and a 12-month high of $50.00. The company has a market capitalization of $607.64, a PE ratio of 16.76, a PEG ratio of 1.37 and a beta of 0.40.
QCR (NASDAQ:QCRH) last released its earnings results on Thursday, February 1st. The bank reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. QCR had a return on equity of 12.09% and a net margin of 21.51%. The firm had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $39.74 million. equities research analysts expect that QCR will post 3.24 earnings per share for the current year.
In other news, CEO Thomas D. Budd sold 997 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $44.33, for a total value of $44,197.01. Following the completion of the transaction, the chief executive officer now directly owns 4,208 shares in the company, valued at approximately $186,540.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas M. Hultquist sold 2,036 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $43.90, for a total value of $89,380.40. Following the completion of the transaction, the chief executive officer now owns 77,404 shares of the company’s stock, valued at $3,398,035.60. The disclosure for this sale can be found here. Insiders sold a total of 4,854 shares of company stock valued at $213,494 over the last quarter. 8.80% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Citigroup Inc. raised its position in QCR by 142.1% during the 2nd quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock worth $152,000 after purchasing an additional 1,883 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in QCR by 23.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 22,062 shares of the bank’s stock worth $1,046,000 after purchasing an additional 4,200 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in QCR during the 2nd quarter worth $343,000. Castine Capital Management LLC raised its position in QCR by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 280,479 shares of the bank’s stock worth $12,761,000 after purchasing an additional 24,896 shares during the last quarter. Finally, Northern Trust Corp raised its position in QCR by 5.7% during the 2nd quarter. Northern Trust Corp now owns 156,953 shares of the bank’s stock worth $7,439,000 after purchasing an additional 8,532 shares during the last quarter. 59.88% 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.
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