Zacks Investment Research upgraded shares of QCR (NASDAQ:QCRH) from a hold rating to a buy rating in a report published on Tuesday, Zacks.com reports. They currently have $39.00 price target on the bank’s stock.
According to Zacks, “QCR Holdings, Inc. is the bank holding company of Quad City Bank and Trust Company. The Bank provides full service commercial and consumer banking, and trust and asset management services. “
Other analysts also recently issued research reports about the stock. BidaskClub upgraded shares of QCR from a strong sell rating to a sell rating in a research report on Wednesday, March 27th. ValuEngine downgraded shares of QCR from a sell rating to a strong sell rating in a research report on Thursday, March 7th. Finally, Maxim Group reiterated a buy rating and issued a $43.00 price target on shares of QCR in a report on Monday, January 28th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $42.75.
NASDAQ QCRH opened at $34.92 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. QCR has a 52 week low of $30.15 and a 52 week high of $49.60. The company has a market cap of $545.34 million, a price-to-earnings ratio of 11.34, a PEG ratio of 0.98 and a beta of 0.72.
QCR (NASDAQ:QCRH) last issued its earnings results on Thursday, January 24th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. QCR had a net margin of 19.21% and a return on equity of 11.18%. The business had revenue of $54.87 million during the quarter, compared to analysts’ expectations of $48.73 million. As a group, research analysts expect that QCR will post 3.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. QCR’s dividend payout ratio is presently 7.79%.
In other news, CEO John H. Anderson sold 3,069 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $34.20, for a total value of $104,959.80. Following the completion of the transaction, the chief executive officer now owns 4,285 shares in the company, valued at approximately $146,547. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY increased its holdings in shares of QCR by 324.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,855 shares of the bank’s stock valued at $124,000 after purchasing an additional 2,947 shares in the last quarter. Citigroup Inc. increased its holdings in shares of QCR by 53.0% in the 4th quarter. Citigroup Inc. now owns 5,245 shares of the bank’s stock valued at $168,000 after purchasing an additional 1,817 shares in the last quarter. Eqis Capital Management Inc. increased its holdings in shares of QCR by 10.5% in the 4th quarter. Eqis Capital Management Inc. now owns 6,919 shares of the bank’s stock valued at $222,000 after purchasing an additional 656 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of QCR in the 3rd quarter valued at about $306,000. Finally, Strs Ohio increased its holdings in shares of QCR by 16.7% in the 4th quarter. Strs Ohio now owns 8,700 shares of the bank’s stock valued at $279,000 after purchasing an additional 1,248 shares in the last quarter. Institutional investors and hedge funds own 58.07% 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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