QCR (NASDAQ:QCRH) Given Buy (B-) Rating at Weiss Ratings

QCR (NASDAQ:QCRH)‘s stock had its “buy (b-)” rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

QCRH has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 target price (up from $90.00) on shares of QCR in a research note on Friday, July 25th. Wall Street Zen raised shares of QCR from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. DA Davidson lifted their target price on shares of QCR from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Piper Sandler lifted their target price on shares of QCR from $88.00 to $92.50 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, QCR currently has a consensus rating of “Buy” and a consensus target price of $87.38.

QCR Trading Down 0.5%

Shares of QCRH stock opened at $74.87 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 11.28 and a beta of 0.83. The stock has a 50 day simple moving average of $76.16 and a 200-day simple moving average of $71.28. QCR has a 1-year low of $60.83 and a 1-year high of $96.08.

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

Insider Transactions at QCR

In other QCR news, CEO Laura L. Ekizian sold 333 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $80.00, for a total value of $26,640.00. Following the completion of the sale, the chief executive officer directly owned 5,632 shares in the company, valued at $450,560. This represents a 5.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

Institutional Trading of QCR

Several large investors have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC purchased a new position in shares of QCR during the 1st quarter worth $46,000. EntryPoint Capital LLC purchased a new position in shares of QCR during the 1st quarter worth $210,000. Entropy Technologies LP purchased a new position in shares of QCR during the 2nd quarter worth $210,000. R Squared Ltd grew its holdings in shares of QCR by 309.3% during the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank’s stock worth $232,000 after purchasing an additional 2,456 shares during the period. Finally, Hohimer Wealth Management LLC grew its holdings in shares of QCR by 4.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank’s stock worth $249,000 after purchasing an additional 164 shares during the period. 70.01% of the stock is currently 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.