QCR (QCRH) Downgraded by BidaskClub to “Strong Sell”

QCR (NASDAQ:QCRH) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

Several other equities analysts also recently commented on QCRH. ValuEngine upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. Piper Jaffray Companies restated a “buy” rating and issued a $52.00 price target on shares of QCR in a research note on Monday, July 23rd. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. QCR currently has an average rating of “Hold” and an average price target of $53.60.

QCRH stock opened at $36.94 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 0.97. QCR has a 52 week low of $36.50 and a 52 week high of $49.70. The stock has a market capitalization of $579.43 million, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.19 and a beta of 0.40.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Thursday, July 19th. The bank reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.02). QCR had a net margin of 20.84% and a return on equity of 11.54%. The business had revenue of $41.00 million during the quarter, compared to analyst estimates of $41.58 million. On average, analysts predict that QCR will post 3.1 EPS for the current year.

In other QCR news, CEO Thomas D. Budd sold 824 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction of $35,432.00. Following the sale, the chief executive officer now directly owns 2,116 shares in the company, valued at $90,988. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Mount Yale Investment Advisors LLC acquired a new stake in QCR during the first quarter worth about $139,000. Barclays PLC grew its stake in QCR by 82.8% during the first quarter. Barclays PLC now owns 3,514 shares of the bank’s stock worth $158,000 after buying an additional 1,592 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in QCR during the second quarter worth about $206,000. A.R.T. Advisors LLC acquired a new stake in QCR during the first quarter worth about $239,000. Finally, CWM LLC acquired a new stake in QCR during the second quarter worth about $254,000. Hedge funds and other institutional investors own 56.98% of the company’s stock.

About QCR

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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