QCR (NASDAQ:QCRH) Upgraded to “Sell” by BidaskClub

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BidaskClub upgraded shares of QCR (NASDAQ:QCRH) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, BidAskClub reports.

A number of other research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of QCR from a buy rating to a hold rating in a research report on Wednesday, August 21st. ValuEngine raised shares of QCR from a strong sell rating to a sell rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $41.75.

Shares of QCRH traded up $0.36 during midday trading on Thursday, reaching $39.12. The stock had a trading volume of 3,228 shares, compared to its average volume of 34,039. The firm has a 50 day simple moving average of $36.33 and a 200-day simple moving average of $34.71. QCR has a one year low of $30.15 and a one year high of $43.70. The firm has a market cap of $594.58 million, a PE ratio of 12.69, a P/E/G ratio of 1.07 and a beta of 0.80. 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 announced its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. QCR had a net margin of 18.53% and a return on equity of 10.82%. The company had revenue of $55.08 million during the quarter, compared to the consensus estimate of $50.76 million. As a group, research analysts forecast that QCR will post 3.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 20th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, September 19th. QCR’s dividend payout ratio (DPR) is presently 7.79%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of QCRH. Bank of Montreal Can acquired a new stake in shares of QCR during the 2nd quarter worth about $43,000. BNP Paribas Arbitrage SA lifted its stake in shares of QCR by 68,350.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,738 shares of the bank’s stock worth $93,000 after buying an additional 2,734 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of QCR during the 1st quarter worth about $119,000. JPMorgan Chase & Co. lifted its stake in shares of QCR by 25.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,053 shares of the bank’s stock worth $140,000 after buying an additional 820 shares during the last quarter. Finally, Seacliff Capital LLC acquired a new stake in shares of QCR during the 1st quarter worth about $170,000. Institutional investors own 60.12% of the company’s stock.

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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