QCR (NASDAQ:QCRH) Downgraded by StockNews.com

StockNews.com cut shares of QCR (NASDAQ:QCRHGet Rating) from a buy rating to a hold rating in a report published on Monday morning.

Several other analysts also recently weighed in on the company. DA Davidson dropped their price target on QCR to $61.00 in a research note on Tuesday, November 1st. Piper Sandler decreased their price objective on QCR to $64.50 in a report on Tuesday, November 1st. Finally, Raymond James decreased their price objective on QCR from $67.00 to $58.00 and set an outperform rating for the company in a report on Monday, October 31st.

QCR Stock Down 0.6 %

QCR stock opened at $52.16 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $52.52 and its two-hundred day simple moving average is $54.42. The company has a market cap of $880.46 million, a PE ratio of 9.02 and a beta of 0.95. QCR has a fifty-two week low of $47.23 and a fifty-two week high of $62.85.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Friday, December 16th will be issued a $0.06 dividend. The ex-dividend date is Thursday, December 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.46%. QCR’s payout ratio is 4.15%.

Insider Buying and Selling

In other QCR news, Director Brent R. Cobb purchased 4,000 shares of QCR stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average price of $49.85 per share, with a total value of $199,400.00. Following the acquisition, the director now owns 25,407 shares of the company’s stock, valued at approximately $1,266,538.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other QCR news, Director Brent R. Cobb purchased 4,000 shares of QCR stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average price of $49.85 per share, with a total value of $199,400.00. Following the acquisition, the director now owns 25,407 shares of the company’s stock, valued at approximately $1,266,538.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John F. Griesemer purchased 4,500 shares of QCR stock in a transaction that occurred on Thursday, November 3rd. The stock was acquired at an average cost of $48.08 per share, with a total value of $216,360.00. Following the acquisition, the director now directly owns 23,598 shares in the company, valued at approximately $1,134,591.84. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 8,618 shares of company stock valued at $422,287. 3.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On QCR

Hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of QCR during the third quarter valued at approximately $39,000. Great West Life Assurance Co. Can acquired a new position in shares of QCR during the third quarter valued at approximately $47,000. Amalgamated Bank acquired a new position in shares of QCR during the first quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of QCR by 86.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,033 shares of the bank’s stock valued at $104,000 after acquiring an additional 945 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new position in shares of QCR during the first quarter valued at approximately $129,000. Institutional investors and hedge funds own 70.49% of the company’s stock.

About QCR

(Get Rating)

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. Its deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. The company also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.

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