QCR (NASDAQ:QCRH) received a $45.00 price target from equities research analysts at Stephens in a research report issued to clients and investors on Friday, TipRanks reports. The firm currently has a “buy” rating on the bank’s stock. Stephens’ target price would suggest a potential upside of 9.20% from the company’s previous close.
Several other analysts have also commented on the company. Zacks Investment Research raised QCR from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, October 16th. ValuEngine lowered QCR from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, BidaskClub upgraded QCR from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.00.
QCR stock traded up $2.01 during midday trading on Friday, hitting $41.21. 7,941 shares of the company were exchanged, compared to its average volume of 45,491. The firm has a market capitalization of $629.29 million, a PE ratio of 13.33 and a beta of 0.81. QCR has a fifty-two week low of $30.15 and a fifty-two week high of $40.74. The business has a fifty day simple moving average of $37.99 and a two-hundred day simple moving average of $35.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96.
QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $60.63 million for the quarter, compared to analyst estimates of $54.10 million. QCR had a return on equity of 11.77% and a net margin of 19.58%. As a group, equities analysts expect that QCR will post 3.54 earnings per share for the current year.
In other QCR news, insider Robert C. Fulp sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 28,009 shares in the company, valued at $1,092,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.20% of the company’s stock.
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in QCR by 25.4% during the second quarter. JPMorgan Chase & Co. now owns 4,053 shares of the bank’s stock worth $140,000 after purchasing an additional 820 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of QCR by 6.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 79,796 shares of the bank’s stock valued at $2,783,000 after acquiring an additional 4,823 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of QCR by 17.5% in the second quarter. Jacobs Levy Equity Management Inc. now owns 59,003 shares of the bank’s stock valued at $2,057,000 after acquiring an additional 8,770 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of QCR by 14.5% in the second quarter. Victory Capital Management Inc. now owns 51,580 shares of the bank’s stock valued at $1,799,000 after acquiring an additional 6,516 shares in the last quarter. Finally, Castine Capital Management LLC lifted its position in shares of QCR by 30.7% in the second quarter. Castine Capital Management LLC now owns 438,764 shares of the bank’s stock valued at $15,299,000 after acquiring an additional 103,118 shares in the last quarter. Institutional investors own 60.09% of the company’s stock.
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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