QCR (NASDAQ:QCRH) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of QCR (NASDAQ:QCRH) from a sell rating to a hold rating in a research report sent to investors on Wednesday, Zacks.com reports.

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. “

A number of other equities research analysts also recently weighed in on QCRH. Maxim Group cut their target price on SVB Financial Group to $325.00 and set a buy rating for the company in a research report on Monday, April 29th. BidaskClub upgraded Zebra Technologies from a hold rating to a buy rating in a research report on Saturday, July 6th. Finally, ValuEngine upgraded USINAS SIDERURG/S from a sell rating to a hold rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $41.50.

QCRH traded down $0.11 during trading on Wednesday, reaching $33.75. The stock had a trading volume of 29,147 shares, compared to its average volume of 35,294. The stock has a market cap of $545.24 million, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.76. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.55. QCR has a 1-year low of $30.15 and a 1-year high of $49.40. The stock has a 50 day simple moving average of $33.73.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, April 24th. The bank reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). The firm had revenue of $48.90 million during the quarter, compared to analyst estimates of $50.20 million. QCR had a return on equity of 10.92% and a net margin of 18.92%. As a group, equities research analysts expect that QCR will post 3.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 21st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, June 20th. QCR’s dividend payout ratio (DPR) is currently 7.79%.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in QCR by 0.9% during the 4th quarter. BlackRock Inc. now owns 925,327 shares of the bank’s stock valued at $29,694,000 after purchasing an additional 8,240 shares during the period. Dimensional Fund Advisors LP raised its stake in QCR by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock valued at $17,528,000 after purchasing an additional 35,714 shares during the period. Castine Capital Management LLC raised its stake in QCR by 1.7% during the 1st quarter. Castine Capital Management LLC now owns 335,646 shares of the bank’s stock valued at $11,385,000 after purchasing an additional 5,686 shares during the period. Kennedy Capital Management Inc. raised its stake in QCR by 7.3% during the 1st quarter. Kennedy Capital Management Inc. now owns 244,984 shares of the bank’s stock valued at $8,310,000 after purchasing an additional 16,726 shares during the period. Finally, Geode Capital Management LLC raised its stake in QCR by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 154,968 shares of the bank’s stock valued at $4,972,000 after purchasing an additional 10,970 shares during the period. 58.67% of the stock is currently owned by institutional investors.

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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