QCR (NASDAQ:QCRH) Stock Rating Lowered by Wall Street Zen

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

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

QCR Stock Up 3.6%

QCRH stock traded up $2.46 during trading on Friday, reaching $70.36. The stock had a trading volume of 81,061 shares, compared to its average volume of 80,597. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $67.04 and a 200 day moving average price of $72.40. The company has a market capitalization of $1.19 billion, a P/E ratio of 10.58 and a beta of 0.80. QCR has a 1-year low of $57.43 and a 1-year high of $96.08.

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

Insider Activity

In other QCR news, CEO Larry J. Helling acquired 1,000 shares of the firm's stock in a transaction on Monday, April 28th. The stock was purchased at an average price of $64.53 per share, with a total value of $64,530.00. Following the completion of the acquisition, the chief executive officer directly owned 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Hohimer Wealth Management LLC lifted its holdings in QCR by 4.9% in the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after acquiring an additional 164 shares during the last quarter. Rhumbline Advisers raised its position in shares of QCR by 0.6% during the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock worth $2,102,000 after purchasing an additional 165 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in QCR by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after purchasing an additional 283 shares during the period. MetLife Investment Management LLC grew its stake in QCR by 3.2% during the 4th quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock worth $803,000 after buying an additional 313 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of QCR by 3.6% during the first quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after acquiring an additional 323 shares during the last quarter. 70.01% of the stock is 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.