QCR (QCRH) Rating Lowered to Strong Sell at ValuEngine

QCR (NASDAQ:QCRH) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Monday.

QCRH has been the topic of several other research reports. BidaskClub cut QCR from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th. Piper Jaffray Companies reiterated a “buy” rating and set a $52.00 price objective on shares of QCR in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. QCR has a consensus rating of “Hold” and a consensus price target of $53.60.

Shares of NASDAQ:QCRH traded down $0.88 during trading on Monday, hitting $36.06. 23,700 shares of the company’s stock traded hands, compared to its average volume of 49,532. QCR has a 52 week low of $35.71 and a 52 week high of $49.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $578.64 million, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.19 and a beta of 0.40.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Thursday, July 19th. The bank reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.02). QCR had a net margin of 20.84% and a return on equity of 11.54%. The business had revenue of $41.00 million for the quarter, compared to the consensus estimate of $41.58 million. On average, research analysts expect that QCR will post 3.1 earnings per share for the current year.

In related news, CEO Thomas D. Budd sold 824 shares of QCR stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total value of $35,432.00. Following the sale, the chief executive officer now owns 2,116 shares of the company’s stock, valued at approximately $90,988. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in QCR by 7.3% in the 2nd quarter. BlackRock Inc. now owns 1,119,175 shares of the bank’s stock valued at $53,102,000 after buying an additional 76,115 shares during the last quarter. Renaissance Technologies LLC raised its position in QCR by 18.6% in the 2nd quarter. Renaissance Technologies LLC now owns 510,700 shares of the bank’s stock valued at $24,233,000 after buying an additional 80,200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in QCR by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 447,660 shares of the bank’s stock valued at $21,242,000 after buying an additional 80,850 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. raised its position in QCR by 9.8% in the 2nd quarter. Elizabeth Park Capital Advisors Ltd. now owns 235,491 shares of the bank’s stock valued at $11,174,000 after buying an additional 21,105 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in QCR by 1.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 226,177 shares of the bank’s stock valued at $10,144,000 after buying an additional 2,523 shares during the last quarter. 56.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for QCR (NASDAQ:QCRH)

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