Zacks Investment Research cut shares of QCR (NASDAQ:QCRH) from a buy rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “QCR Holdings, Inc. is the bank holding company of Quad City Bank and Trust Company. The Bank provides full service commercial and consumer banking, and trust and asset management services. “

A number of other brokerages have also recently commented on QCRH. Maxim Group restated a buy rating and set a $38.00 price target (down from $43.00) on shares of QCR in a research note on Monday, April 29th. ValuEngine upgraded shares of QCR from a strong sell rating to a sell rating in a research note on Wednesday, May 29th. Finally, BidaskClub cut shares of QCR from a hold rating to a sell rating in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $41.75.

QCRH opened at $34.71 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42. The stock has a market cap of $564.91 million, a price-to-earnings ratio of 10.98, a PEG ratio of 1.02 and a beta of 0.77. QCR has a twelve month low of $30.15 and a twelve month high of $44.70. The company’s 50-day moving average price is $35.72 and its two-hundred day moving average price is $34.66.

QCR (NASDAQ:QCRH) last released its earnings results on Tuesday, July 23rd. The bank reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The firm had revenue of $55.08 million for the quarter, compared to analysts’ expectations of $50.76 million. QCR had a net margin of 18.53% and a return on equity of 10.82%. As a group, sell-side analysts anticipate that QCR will post 3.51 earnings per share for the current year.

In related news, insider Robert C. Fulp sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $39.00, for a total transaction of $58,500.00. Following the sale, the insider now directly owns 28,009 shares in the company, valued at approximately $1,092,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Swiss National Bank lifted its stake in shares of QCR by 2.6% during the 2nd quarter. Swiss National Bank now owns 27,839 shares of the bank’s stock valued at $971,000 after buying an additional 700 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in QCR by 25.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,053 shares of the bank’s stock worth $140,000 after acquiring an additional 820 shares during the period. Bank of Montreal Can bought a new stake in QCR during the 2nd quarter worth approximately $43,000. Context BH Capital Management LP increased its holdings in QCR by 9.1% during the 2nd quarter. Context BH Capital Management LP now owns 24,324 shares of the bank’s stock worth $848,000 after acquiring an additional 2,021 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in QCR by 68,350.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,738 shares of the bank’s stock worth $93,000 after acquiring an additional 2,734 shares during the period. Institutional investors own 59.63% 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 operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.

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