QCR Holdings, Inc. (QCRH) Downgraded by ValuEngine
ValuEngine cut shares of QCR Holdings, Inc. (NASDAQ:QCRH) from a buy rating to a hold rating in a research note released on Thursday morning.
Several other research firms have also commented on QCRH. Piper Jaffray Companies set a $55.00 target price on shares of QCR Holdings and gave the stock a buy rating in a research note on Friday, October 6th. Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the stock a buy rating in a research note on Saturday, July 22nd. BidaskClub lowered shares of QCR Holdings from a buy rating to a hold rating in a research note on Monday, July 24th. Finally, Maxim Group lowered their target price on shares of QCR Holdings from $53.00 to $51.00 and set a buy rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. QCR Holdings presently has a consensus rating of Hold and an average target price of $52.67.
Shares of QCR Holdings (NASDAQ QCRH) traded up $0.25 on Thursday, hitting $42.00. 40,100 shares of the stock were exchanged, compared to its average volume of 29,899. QCR Holdings has a 12-month low of $35.85 and a 12-month high of $50.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $583.34, a price-to-earnings ratio of 16.15, a PEG ratio of 1.60 and a beta of 0.59.
In other news, CFO Todd A. Gipple sold 5,920 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total transaction of $254,560.00. Following the completion of the sale, the chief financial officer now owns 49,162 shares in the company, valued at approximately $2,113,966. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.80% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of QCR Holdings by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 513,341 shares of the bank’s stock worth $24,332,000 after purchasing an additional 35,533 shares during the period. Renaissance Technologies LLC boosted its position in QCR Holdings by 2.2% in the 2nd quarter. Renaissance Technologies LLC now owns 305,500 shares of the bank’s stock valued at $14,481,000 after buying an additional 6,500 shares during the period. The Manufacturers Life Insurance Company boosted its position in QCR Holdings by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 289,332 shares of the bank’s stock valued at $13,714,000 after buying an additional 6,331 shares during the period. Dimensional Fund Advisors LP boosted its position in QCR Holdings by 11.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 225,146 shares of the bank’s stock valued at $10,672,000 after buying an additional 22,637 shares during the period. Finally, State Street Corp boosted its position in QCR Holdings by 9.8% in the 2nd quarter. State Street Corp now owns 223,447 shares of the bank’s stock valued at $10,590,000 after buying an additional 19,994 shares during the period. 61.96% of the stock is owned by hedge funds and other institutional investors.
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), 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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