QCR (NASDAQ:QCRH) Cut to Sell at BidaskClub

BidaskClub cut shares of QCR (NASDAQ:QCRH) from a hold rating to a sell rating in a research report released on Wednesday, BidAskClub reports.

Several other research firms also recently weighed in on QCRH. ValuEngine raised QCR from a strong sell rating to a sell rating in a research report on Wednesday, May 29th. Maxim Group reissued a buy rating and set a $38.00 price target (down previously from $43.00) on shares of QCR in a research report on Monday, April 29th. Finally, Zacks Investment Research raised QCR from a sell rating to a hold rating in a research report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. QCR presently has an average rating of Hold and an average price target of $41.50.

NASDAQ QCRH traded down $0.29 during mid-day trading on Wednesday, hitting $35.64. The stock had a trading volume of 239 shares, compared to its average volume of 53,722. QCR has a 52-week low of $30.15 and a 52-week high of $44.90. The firm has a market cap of $569.33 million, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.04 and a beta of 0.77. The stock has a 50 day moving average price of $35.42. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42.



QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. QCR had a return on equity of 10.82% and a net margin of 18.53%. The firm had revenue of $55.08 million during the quarter, compared to the consensus estimate of $50.76 million. Sell-side analysts expect that QCR will post 3.46 EPS for the current year.

In other QCR news, insider Robert C. Fulp sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $39.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now owns 28,009 shares of the company’s stock, valued at $1,092,351. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in QCRH. Nuveen Asset Management LLC increased its position in QCR by 1,017.7% during the second quarter. Nuveen Asset Management LLC now owns 149,142 shares of the bank’s stock worth $5,201,000 after buying an additional 135,798 shares in the last quarter. Castine Capital Management LLC increased its position in QCR by 30.7% during the second quarter. Castine Capital Management LLC now owns 438,764 shares of the bank’s stock worth $15,299,000 after buying an additional 103,118 shares in the last quarter. BlackRock Inc. increased its position in QCR by 9.1% during the second quarter. BlackRock Inc. now owns 869,367 shares of the bank’s stock worth $30,314,000 after buying an additional 72,816 shares in the last quarter. United Capital Financial Advisers LLC purchased a new position in QCR during the second quarter worth $1,650,000. Finally, Dimensional Fund Advisors LP increased 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 worth $17,528,000 after buying an additional 35,714 shares in the last quarter. 58.89% of the stock is owned by 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.

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