QCR (NASDAQ:QCRH) Lowered to “Strong Sell” at BidaskClub

BidaskClub cut shares of QCR (NASDAQ:QCRH) from a sell rating to a strong sell rating in a report issued on Friday morning, BidAskClub reports.

Several other equities research analysts have also recently issued reports on QCRH. Zacks Investment Research cut QCR from a hold rating to a sell rating in a report on Wednesday, April 8th. ValuEngine cut QCR from a sell rating to a strong sell rating in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $46.33.

NASDAQ:QCRH opened at $30.06 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $29.78 and its two-hundred day simple moving average is $34.70. The stock has a market cap of $444.81 million, a PE ratio of 8.64 and a beta of 1.12. QCR has a 52 week low of $22.39 and a 52 week high of $44.76.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.06. QCR had a return on equity of 11.02% and a net margin of 18.89%. The business had revenue of $52.89 million for the quarter, compared to analysts’ expectations of $53.47 million. Sell-side analysts anticipate that QCR will post 3.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Friday, June 19th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.24 annualized dividend and a yield of 0.80%. QCR’s payout ratio is currently 6.56%.

In related news, Director James M. Field acquired 1,810 shares of QCR stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $27.76 per share, with a total value of $50,245.60. Insiders own 6.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Verus Capital Partners LLC bought a new stake in QCR during the fourth quarter worth approximately $33,000. Great West Life Assurance Co. Can bought a new stake in QCR during the fourth quarter worth approximately $55,000. Meeder Asset Management Inc. increased its stake in QCR by 25.3% during the first quarter. Meeder Asset Management Inc. now owns 3,839 shares of the bank’s stock worth $104,000 after acquiring an additional 775 shares during the last quarter. Denali Advisors LLC increased its stake in QCR by 50.0% during the first quarter. Denali Advisors LLC now owns 3,900 shares of the bank’s stock worth $106,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of QCR during the first quarter valued at approximately $121,000. 60.83% of the stock is currently owned by institutional investors.

QCR Company Profile

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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