QCR (NASDAQ:QCRH) Raised to “Hold” at Stephens

QCR (NASDAQ:QCRH) was upgraded by Stephens to a “hold” rating in a research note issued on Thursday, Zacks reports.

A number of other analysts have also recently commented on QCRH. Piper Sandler reaffirmed an “overweight” rating and set a $123.00 price target (up from $107.00) on shares of QCR in a research report on Monday, July 27th. Keefe, Bruyette & Woods raised their price objective on QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of QCR in a report on Monday, July 6th. Finally, DA Davidson upped their target price on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.40.

QCR Stock Down 0.9%

NASDAQ:QCRH opened at $99.98 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $1.64 billion, a PE ratio of 11.82 and a beta of 0.73. The company has a 50-day moving average of $101.58 and a 200 day moving average of $94.27. QCR has a 1-year low of $66.65 and a 1-year high of $108.11.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The firm had revenue of $97.34 million during the quarter, compared to analyst estimates of $104.10 million. As a group, research analysts anticipate that QCR will post 8.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in QCR in the 2nd quarter valued at about $337,000. Nykredit A S purchased a new stake in QCR during the 2nd quarter worth approximately $27,000. Wellington Management Group LLP increased its stake in QCR by 18.4% during the 2nd quarter. Wellington Management Group LLP now owns 284,295 shares of the bank’s stock worth $27,676,000 after buying an additional 44,106 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in shares of QCR during the second quarter valued at approximately $162,000. Finally, Globeflex Capital L P acquired a new position in shares of QCR during the second quarter valued at approximately $1,767,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Company Profile

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.