ValuEngine upgraded shares of QCR (NASDAQ:QCRH) from a hold rating to a buy rating in a research note released on Thursday, March 8th.
Several other brokerages also recently commented on QCRH. Maxim Group restated a buy rating and set a $53.00 price objective on shares of QCR in a research report on Friday, February 2nd. DA Davidson restated a buy rating and set a $56.00 price objective on shares of QCR in a research report on Wednesday, December 20th. Piper Jaffray Companies set a $52.00 price objective on shares of QCR and gave the company a buy rating in a research report on Monday, February 5th. Stephens set a $53.00 price objective on shares of QCR and gave the company a buy rating in a research report on Monday, February 5th. Finally, Keefe, Bruyette & Woods restated a buy rating and set a $54.00 price objective on shares of QCR in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $53.60.
QCR (NASDAQ QCRH) opened at $46.45 on Thursday. The stock has a market cap of $645.73, a P/E ratio of 17.80, a P/E/G ratio of 1.43 and a beta of 0.41. QCR has a 12 month low of $39.85 and a 12 month high of $50.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Friday, March 16th will be issued a $0.06 dividend. This is an increase from QCR’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, March 15th. QCR’s payout ratio is currently 9.20%.
In other QCR news, CEO Douglas M. Hultquist sold 2,036 shares of QCR stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $43.90, for a total value of $89,380.40. Following the sale, the chief executive officer now directly owns 77,404 shares in the company, valued at approximately $3,398,035.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas M. Hultquist sold 2,014 shares of QCR stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $44.33, for a total transaction of $89,280.62. Following the completion of the sale, the chief executive officer now owns 77,404 shares in the company, valued at $3,431,319.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,071 shares of company stock worth $223,993. 8.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its holdings in QCR by 3.9% in the 2nd quarter. California Public Employees Retirement System now owns 21,336 shares of the bank’s stock valued at $1,011,000 after acquiring an additional 800 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in QCR by 4.2% in the 4th quarter. Allianz Asset Management GmbH now owns 37,114 shares of the bank’s stock valued at $1,591,000 after acquiring an additional 1,510 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in QCR in the 4th quarter valued at $123,000. Macquarie Group Ltd. bought a new stake in shares of QCR in the 3rd quarter worth about $132,000. Finally, Citadel Advisors LLC increased its holdings in shares of QCR by 15.0% in the 4th quarter. Citadel Advisors LLC now owns 22,414 shares of the bank’s stock worth $960,000 after buying an additional 2,929 shares during the last quarter. Institutional investors own 61.11% of the company’s stock.
WARNING: “QCR (NASDAQ:QCRH) Rating Increased to Buy at ValuEngine” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://stocknewstimes.com/2018/03/17/qcr-qcrh-stock-rating-upgraded-by-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for QCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR and related companies with MarketBeat.com's FREE daily email newsletter.