QCR (NASDAQ:QCRH) Given Buy (B-) Rating at Weiss Ratings

QCR (NASDAQ:QCRH)‘s stock had its “buy (b-)” rating restated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

QCRH has been the subject of a number of other reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up from $90.00) on shares of QCR in a report on Friday, July 25th. Piper Sandler raised their target price on QCR from $88.00 to $92.50 and gave the company an “overweight” rating in a report on Monday, July 28th. Wall Street Zen raised QCR from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, DA Davidson increased their price target on QCR from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, QCR currently has a consensus rating of “Buy” and an average price target of $87.38.

QCR Stock Performance

Shares of QCR stock opened at $74.87 on Wednesday. The business has a 50-day moving average of $76.16 and a 200 day moving average of $71.28. QCR has a 12 month low of $60.83 and a 12 month high of $96.08. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.28 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 23rd. The bank reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The company had revenue of $84.20 million during the quarter, compared to analysts’ expectations of $95.11 million. As a group, sell-side analysts forecast that QCR will post 6.82 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Laura L. Ekizian sold 333 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $80.00, for a total transaction of $26,640.00. Following the completion of the sale, the chief executive officer owned 5,632 shares in the company, valued at $450,560. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QCR

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in QCR by 0.7% during the first quarter. Vanguard Group Inc. now owns 952,780 shares of the bank’s stock worth $67,952,000 after purchasing an additional 7,002 shares during the last quarter. Geode Capital Management LLC lifted its stake in QCR by 2.6% during the second quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock worth $29,549,000 after purchasing an additional 11,033 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in QCR by 33.6% during the second quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock worth $22,656,000 after purchasing an additional 83,977 shares during the last quarter. FJ Capital Management LLC lifted its stake in QCR by 8.0% during the first quarter. FJ Capital Management LLC now owns 301,205 shares of the bank’s stock worth $21,482,000 after purchasing an additional 22,233 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in QCR by 0.9% during the first quarter. The Manufacturers Life Insurance Company now owns 233,096 shares of the bank’s stock worth $16,624,000 after purchasing an additional 2,064 shares during the last quarter. Hedge funds and other institutional investors own 70.01% 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’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.