ValuEngine upgraded shares of QCR Holdings, Inc. (NASDAQ:QCRH) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

QCRH has been the topic of a number of other research reports. Keefe, Bruyette & Woods restated a buy rating and issued a $46.00 target price on shares of QCR Holdings in a research report on Monday, April 10th. BidaskClub downgraded QCR Holdings from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, Maxim Group restated a buy rating and issued a $50.00 target price on shares of QCR Holdings in a research report on Monday, April 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. QCR Holdings has an average rating of Buy and a consensus target price of $43.75.

QCR Holdings (NASDAQ:QCRH) traded up 1.10% during mid-day trading on Monday, reaching $46.00. The company’s stock had a trading volume of 3,897 shares. The firm’s 50 day moving average price is $47.45 and its 200 day moving average price is $44.55. The stock has a market cap of $606.05 million, a price-to-earnings ratio of 18.92 and a beta of 0.61. QCR Holdings has a 12-month low of $27.48 and a 12-month high of $50.00.

QCR Holdings (NASDAQ:QCRH) last posted its earnings results on Thursday, July 20th. The bank reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.01. QCR Holdings had a net margin of 21.11% and a return on equity of 11.34%. The business had revenue of $34.83 million during the quarter, compared to analysts’ expectations of $36.49 million. On average, equities analysts predict that QCR Holdings will post $2.72 earnings per share for the current year.

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In other QCR Holdings news, EVP Cathie Whiteside sold 5,000 shares of QCR Holdings stock in a transaction on Monday, August 7th. The stock was sold at an average price of $46.23, for a total value of $231,150.00. Following the sale, the executive vice president now owns 17,255 shares in the company, valued at $797,698.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Busey Trust CO acquired a new stake in QCR Holdings during the second quarter worth approximately $213,000. Cigna Investments Inc. New purchased a new stake in QCR Holdings during the second quarter valued at about $383,000. Comerica Bank purchased a new stake in QCR Holdings during the second quarter valued at about $397,000. First Quadrant L P CA purchased a new stake in QCR Holdings during the second quarter valued at about $468,000. Finally, Rhumbline Advisers increased its stake in QCR Holdings by 9.7% in the second quarter. Rhumbline Advisers now owns 13,478 shares of the bank’s stock valued at $639,000 after buying an additional 1,196 shares in the last quarter. Institutional investors own 60.77% of the company’s stock.

QCR Holdings Company Profile

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), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.

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