QCR (NASDAQ:QCRH) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently weighed in on QCRH. BidaskClub upgraded shares of QCR from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $52.00 price target on shares of QCR in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. QCR presently has an average rating of “Buy” and an average price target of $53.60.

Shares of QCRH opened at $44.60 on Friday. QCR has a 1-year low of $39.85 and a 1-year high of $49.70. The stock has a market cap of $679.05 million, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.40 and a beta of 0.38. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.98.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Thursday, July 19th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). QCR had a net margin of 20.84% and a return on equity of 11.54%. The company had revenue of $41.00 million for the quarter, compared to analyst estimates of $41.58 million. equities research analysts predict that QCR will post 3.1 earnings per share for the current fiscal year.

In related news, CEO Thomas D. Budd sold 856 shares of QCR stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $49.50, for a total value of $42,372.00. Following the completion of the transaction, the chief executive officer now owns 4,045 shares in the company, valued at $200,227.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in shares of QCR in the first quarter valued at approximately $139,000. Barclays PLC grew its holdings in shares of QCR by 82.8% in the first quarter. Barclays PLC now owns 3,514 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,592 shares in the last quarter. Busey Trust CO acquired a new position in shares of QCR in the first quarter valued at approximately $202,000. State Board of Administration of Florida Retirement System acquired a new position in shares of QCR in the second quarter valued at approximately $206,000. Finally, A.R.T. Advisors LLC acquired a new position in shares of QCR in the first quarter valued at approximately $239,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.

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Analyst Recommendations for QCR (NASDAQ:QCRH)

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