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

Other analysts have also recently issued reports about the stock. ValuEngine upgraded shares of QCR from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Piper Jaffray Companies restated a “buy” rating and issued a $52.00 price objective on shares of QCR in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $53.60.

NASDAQ QCRH opened at $42.35 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $673.57 million, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.39 and a beta of 0.38. QCR has a 12-month low of $40.40 and a 12-month high of $49.70.

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

In other news, CEO Thomas D. Budd sold 856 shares of the business’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $49.50, for a total value of $42,372.00. Following the completion of the sale, the chief executive officer now directly owns 4,045 shares in the company, valued at $200,227.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.80% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of QCR in the first quarter worth $139,000. Barclays PLC raised its stake in QCR by 82.8% during the 1st quarter. Barclays PLC now owns 3,514 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,592 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in QCR during the 2nd quarter valued at $206,000. Private Advisor Group LLC acquired a new position in QCR during the 1st quarter valued at $239,000. Finally, A.R.T. Advisors LLC acquired a new position in QCR during the 1st quarter valued at $239,000. Institutional investors and hedge funds own 56.86% of the company’s stock.

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.

See Also: Book Value Of Equity Per Share – BVPS Explained

Analyst Recommendations for QCR (NASDAQ:QCRH)

Receive News & Ratings for QCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR and related companies with MarketBeat.com's FREE daily email newsletter.