QCR (NASDAQ:QCRH) Cut to "Neutral" at DA Davidson

Key Points

• QCR Holdings was downgraded from a "buy" to a "neutral" rating by DA Davidson, with a price target set at $83.00, suggesting a potential upside of 15.18% from the previous close.
• Other analysts remain optimistic, with Keefe, Bruyette & Woods and Piper Sandler maintaining "outperform" and "overweight" ratings, respectively, and higher target prices of $92.00 and $92.50.
• Institutional investors hold a significant portion of the stock, owning 70.01%, with notable recent acquisitions from firms like New Age Alpha Advisors LLC and R Squared Ltd.

QCR (NASDAQ:QCRH - Get Free Report) was downgraded by DA Davidson from a "buy" rating to a "neutral" rating in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $83.00 price target on the bank's stock. DA Davidson's price target points to a potential upside of 15.18% from the company's previous close.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 target price (up from $90.00) on shares of QCR in a report on Friday, July 25th. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Piper Sandler boosted their target price on QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of QCR in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $86.38.

QCR Price Performance

NASDAQ:QCRH opened at $72.06 on Thursday. QCR has a 12 month low of $60.83 and a 12 month high of $96.08. The stock has a 50 day moving average of $76.18 and a two-hundred day moving average of $71.27. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.22 billion, a P/E ratio of 10.85 and a beta of 0.83.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 EPS for the quarter, topping the consensus estimate of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The company had revenue of $84.20 million during the quarter, compared to analyst estimates of $95.11 million. On average, analysts expect that QCR will post 6.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Laura L. Ekizian sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the chief executive officer directly owned 5,965 shares in the company, valued at approximately $477,200. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC acquired a new position in QCR in the first quarter valued at approximately $46,000. EntryPoint Capital LLC acquired a new position in QCR during the first quarter worth $210,000. Entropy Technologies LP acquired a new position in QCR during the second quarter worth $210,000. R Squared Ltd lifted its stake in QCR by 309.3% during the first quarter. R Squared Ltd now owns 3,250 shares of the bank's stock worth $232,000 after purchasing an additional 2,456 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its stake in QCR by 4.9% during the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after purchasing an additional 164 shares in the last quarter. 70.01% 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's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.