Zacks Investment Research Lowers QCR (QCRH) to Sell

QCR (NASDAQ:QCRH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

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. “

Several other brokerages have also recently weighed in on QCRH. BidaskClub cut shares of QCR from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. Maxim Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of QCR in a research report on Monday, January 28th. Finally, ValuEngine cut shares of QCR from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $44.00.



QCR stock opened at $34.23 on Friday. The stock has a market capitalization of $541.38 million, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.98 and a beta of 0.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.01 and a quick ratio of 1.01. QCR has a 1 year low of $30.15 and a 1 year high of $49.60.

QCR (NASDAQ:QCRH) last released its quarterly earnings data 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. The company had revenue of $54.87 million during the quarter, compared to analysts’ expectations of $48.73 million. QCR had a net margin of 19.21% and a return on equity of 11.73%. As a group, research analysts expect that QCR will post 3.52 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of QCR by 0.9% in the 4th quarter. BlackRock Inc. now owns 925,327 shares of the bank’s stock worth $29,694,000 after purchasing an additional 8,240 shares during the period. Vanguard Group Inc. lifted its position in QCR by 4.1% during the third quarter. Vanguard Group Inc. now owns 603,887 shares of the bank’s stock valued at $24,670,000 after acquiring an additional 23,735 shares during the last quarter. Vanguard Group Inc lifted its position in QCR by 4.1% during the third quarter. Vanguard Group Inc now owns 603,887 shares of the bank’s stock valued at $24,670,000 after acquiring an additional 23,735 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in QCR by 7.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock valued at $17,528,000 after acquiring an additional 35,714 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in QCR by 1.4% during the third quarter. Renaissance Technologies LLC now owns 518,100 shares of the bank’s stock valued at $21,164,000 after acquiring an additional 7,400 shares during the last quarter. 58.29% of the stock is owned by hedge funds and other institutional investors.

About QCR

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: Ex-Dividend

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