QCR Holdings, Inc. (QCRH) Expected to Earn FY2017 Earnings of $2.61 Per Share
QCR Holdings, Inc. (NASDAQ:QCRH) – Investment analysts at FIG Partners cut their FY2017 earnings estimates for QCR Holdings in a research report issued on Wednesday. FIG Partners analyst B. Martin now expects that the bank will post earnings per share of $2.61 for the year, down from their previous forecast of $2.67. FIG Partners also issued estimates for QCR Holdings’ Q4 2017 earnings at $0.70 EPS and FY2018 earnings at $3.00 EPS.
Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies set a $55.00 price objective on shares of QCR Holdings and gave the stock a “buy” rating in a report on Friday, October 6th. Maxim Group reduced their price target on shares of QCR Holdings from $53.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 3rd. BidaskClub downgraded shares of QCR Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods set a $52.00 price objective on shares of QCR Holdings and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, ValuEngine cut shares of QCR Holdings from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. QCR Holdings presently has an average rating of “Hold” and an average target price of $52.67.
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Shares of QCR Holdings (NASDAQ:QCRH) opened at $42.00 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The stock has a market cap of $558.22, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.59 and a beta of 0.59. QCR Holdings has a 12 month low of $35.85 and a 12 month high of $50.00.
In other QCR Holdings news, CFO Todd A. Gipple sold 5,920 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total transaction of $254,560.00. Following the sale, the chief financial officer now owns 49,162 shares in the company, valued at approximately $2,113,966. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of QCRH. Kennedy Capital Management Inc. acquired a new stake in QCR Holdings during the 2nd quarter worth about $5,760,000. Wedge Capital Management L L P NC acquired a new stake in QCR Holdings during the 2nd quarter worth about $4,119,000. AJO LP raised its holdings in QCR Holdings by 507.5% during the 2nd quarter. AJO LP now owns 88,437 shares of the bank’s stock worth $4,192,000 after buying an additional 73,879 shares during the period. Ameriprise Financial Inc. acquired a new stake in QCR Holdings during the 2nd quarter worth about $3,468,000. Finally, Thrivent Financial For Lutherans acquired a new stake in QCR Holdings during the 2nd quarter worth about $1,934,000. Hedge funds and other institutional investors own 61.96% of the company’s stock.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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