Zacks Investment Research cut shares of QCR (NASDAQ:QCRH) from a hold rating to a sell rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “QCR Holdings, Inc. is the bank holding company of Quad City Bank and Trust Company. The Bank provides full service commercial and consumer banking, and trust and asset management services. “

Several other brokerages have also issued reports on QCRH. Maxim Group decreased their price target on shares of SVB Financial Group to $325.00 and set a buy rating on the stock in a report on Monday, April 29th. ValuEngine raised shares of USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. Finally, BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a report on Saturday, July 6th. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. QCR has an average rating of Hold and a consensus target price of $41.50.

QCRH opened at $33.71 on Tuesday. The stock has a fifty day moving average price of $33.83. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $531.05 million, a price-to-earnings ratio of 10.94, a PEG ratio of 1.02 and a beta of 0.76. QCR has a twelve month low of $30.15 and a twelve month high of $49.40.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, April 24th. The bank reported $0.82 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.01). QCR had a net margin of 18.92% and a return on equity of 10.92%. The firm had revenue of $48.90 million during the quarter, compared to the consensus estimate of $50.20 million. Research analysts forecast that QCR will post 3.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 21st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, June 20th. QCR’s payout ratio is 7.79%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in QCR by 165.7% during the 4th quarter. Bessemer Group Inc. now owns 9,300 shares of the bank’s stock worth $298,000 after acquiring an additional 5,800 shares during the last quarter. Millennium Management LLC lifted its position in shares of QCR by 30.1% in the 4th quarter. Millennium Management LLC now owns 84,629 shares of the bank’s stock worth $2,716,000 after purchasing an additional 19,598 shares during the period. Geode Capital Management LLC lifted its position in shares of QCR by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 154,968 shares of the bank’s stock worth $4,972,000 after purchasing an additional 10,970 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of QCR by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock worth $17,528,000 after purchasing an additional 35,714 shares during the period. Finally, BlackRock Inc. lifted its position in shares of QCR by 0.9% in the 4th quarter. BlackRock Inc. now owns 925,327 shares of the bank’s stock worth $29,694,000 after purchasing an additional 8,240 shares during the period. 58.79% 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 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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