Wall Street Zen Downgrades QCR (NASDAQ:QCRH) to Sell

QCR (NASDAQ:QCRH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other research analysts have also recently weighed in on QCRH. Raymond James Financial set a $78.00 price objective on shares of QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Piper Sandler dropped their price objective on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th.

QCR Price Performance

QCRH traded down $0.04 during trading on Friday, reaching $67.96. 299,884 shares of the stock were exchanged, compared to its average volume of 80,264. The business's 50 day moving average price is $66.95 and its two-hundred day moving average price is $72.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.22 and a beta of 0.81. QCR has a 1 year low of $57.43 and a 1 year high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. The company had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. QCR had a return on equity of 12.03% and a net margin of 19.17%. During the same period in the previous year, the business earned $1.59 earnings per share. As a group, equities research analysts anticipate that QCR will post 6.82 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Larry J. Helling bought 1,000 shares of the stock in a transaction on Monday, April 28th. The stock was purchased at an average cost of $64.53 per share, with a total value of $64,530.00. Following the purchase, the chief executive officer now owns 40,264 shares of the company's stock, valued at approximately $2,598,235.92. The trade was a 2.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of QCR

Several hedge funds and other institutional investors have recently bought and sold shares of QCRH. Rhumbline Advisers boosted its holdings in shares of QCR by 0.6% in the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock valued at $2,102,000 after purchasing an additional 165 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of QCR by 7.7% in the 4th quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank's stock valued at $721,000 after purchasing an additional 640 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of QCR by 23.7% during the 4th quarter. New York State Common Retirement Fund now owns 19,339 shares of the bank's stock valued at $1,559,000 after acquiring an additional 3,700 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of QCR during the 4th quarter valued at $599,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of QCR by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock valued at $11,773,000 after acquiring an additional 9,292 shares in the last quarter. 70.01% of the stock is owned by hedge funds and other 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'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.