QCR (NASDAQ:QCRH) Stock Rating Lowered by Zacks Research

QCR (NASDAQ:QCRH) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

QCRH has been the topic of several other research reports. Piper Sandler boosted their target price on QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Raymond James Financial restated an “outperform” rating and set a $88.00 target price (up from $85.00) on shares of QCR in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of QCR in a research report on Monday. Finally, DA Davidson restated a “neutral” rating and issued a $83.00 price target on shares of QCR in a report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

QCR Trading Down 1.7%

Shares of NASDAQ:QCRH opened at $82.79 on Monday. QCR has a 52 week low of $60.83 and a 52 week high of $88.15. The company’s 50 day moving average is $80.72 and its two-hundred day moving average is $76.18. The company has a market cap of $1.39 billion, a PE ratio of 11.56 and a beta of 0.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Friday, November 7th. The bank reported $2.17 earnings per share (EPS) for the quarter. QCR had a return on equity of 12.04% and a net margin of 20.64%.The firm had revenue of $101.45 million during the quarter. Equities analysts predict that QCR will post 6.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QCRH. CIBC Bancorp USA Inc. acquired a new stake in shares of QCR in the third quarter worth approximately $218,000. Dark Forest Capital Management LP purchased a new stake in shares of QCR during the 3rd quarter valued at $645,000. PMC FIG Opportunities LLC increased its position in shares of QCR by 159.7% in the third quarter. PMC FIG Opportunities LLC now owns 35,354 shares of the bank’s stock worth $2,674,000 after acquiring an additional 21,739 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of QCR by 38.1% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,837 shares of the bank’s stock valued at $593,000 after acquiring an additional 2,161 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of QCR during the 3rd quarter valued at $1,382,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.