QCR Holdings, Inc. (QCRH) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of QCR Holdings, Inc. (NASDAQ:QCRH) from a buy rating to a hold rating in a research note released on Thursday morning.

Several other brokerages also recently commented on QCRH. Piper Jaffray Companies set a $55.00 price objective on QCR Holdings and gave the company a buy rating in a research report on Friday, October 6th. Keefe, Bruyette & Woods set a $52.00 price objective on QCR Holdings and gave the stock a buy rating in a research note on Saturday, July 22nd. BidaskClub cut QCR Holdings from a buy rating to a hold rating in a research note on Monday, July 24th. Finally, Maxim Group reduced their price objective on QCR Holdings from $53.00 to $51.00 and set a buy rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. QCR Holdings currently has a consensus rating of Hold and an average price target of $52.67.

QCR Holdings (NASDAQ QCRH) traded up $0.25 during trading hours on Thursday, reaching $42.00. The company’s stock had a trading volume of 40,100 shares, compared to its average volume of 29,899. QCR Holdings has a twelve month low of $35.85 and a twelve month high of $50.00. 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 company has a market capitalization of $583.34, a price-to-earnings ratio of 16.15, a PEG ratio of 1.60 and a beta of 0.59.

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In other news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total transaction of $254,560.00. Following the transaction, the chief financial officer now owns 49,162 shares of the company’s stock, valued at $2,113,966. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in QCRH. Macquarie Group Ltd. bought a new position in shares of QCR Holdings during the third quarter valued at approximately $132,000. Citigroup Inc. grew its stake in QCR Holdings by 142.1% in the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock worth $152,000 after purchasing an additional 1,883 shares in the last quarter. Citadel Advisors LLC bought a new position in QCR Holdings in the second quarter worth approximately $200,000. Busey Trust CO bought a new position in QCR Holdings in the second quarter worth approximately $213,000. Finally, Voya Investment Management LLC bought a new position in QCR Holdings in the second quarter worth approximately $224,000. 61.96% of the stock is currently owned by hedge funds and other institutional investors.

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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