“QCRH reported 4Q17 core EPS of $0.70 (excluding offsetting non-recurring tax benefits and acquisition-related expenses), versus consensus of $0.68. We are raising our 2018 EPS estimate to $3.25, from $3.00, mainly because of the new tax law. We are raising our price target to $53, from $51, based on 16.3x our new 2018 EPS estimate, versus 14.6x for small-cap peers. In our view, QCRH deserves to trade at a premium to peers given its above-peer core deposit funding, cost of funds, net interest margin, and efficiency ratio.”,” Maxim Group’s analyst commented.
QCRH has been the topic of a number of other research reports. Piper Jaffray Companies set a $55.00 target price on shares of QCR and gave the stock a buy rating in a research report on Friday, October 6th. DA Davidson reissued a buy rating and issued a $56.00 price target on shares of QCR in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a buy rating and issued a $54.00 price target on shares of QCR in a report on Friday, December 22nd. BidaskClub lowered shares of QCR from a hold rating to a sell rating in a report on Thursday, January 4th. Finally, ValuEngine raised shares of QCR from a hold rating to a buy rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. QCR currently has an average rating of Buy and a consensus target price of $54.50.
QCR (NASDAQ:QCRH) opened at $44.00 on Friday. QCR has a 52-week low of $39.85 and a 52-week high of $50.00. The stock has a market cap of $646.50, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.44 and a beta of 0.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95.
QCR (NASDAQ:QCRH) last announced its earnings results on Thursday, February 1st. The bank reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. QCR had a net margin of 21.51% and a return on equity of 12.09%. The business had revenue of $41.51 million for the quarter, compared to analyst estimates of $39.74 million. analysts expect that QCR will post 3.22 EPS for the current fiscal year.
In other QCR news, CEO Douglas M. Hultquist sold 2,036 shares of the business’s 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 owns 77,404 shares of the company’s stock, valued at approximately $3,398,035.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas D. Budd sold 997 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $44.33, for a total transaction of $44,197.01. Following the completion of the sale, the chief executive officer now directly owns 4,208 shares in the company, valued at approximately $186,540.64. The disclosure for this sale can be found here. Insiders sold a total of 4,854 shares of company stock worth $213,494 in the last three months. Insiders own 8.80% of the company’s stock.
Several large investors have recently modified their holdings of QCRH. Ameriprise Financial Inc. acquired a new stake in shares of QCR in the 2nd quarter valued at $3,468,000. Wedge Capital Management L L P NC boosted its stake in shares of QCR by 62.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 141,208 shares of the bank’s stock valued at $6,425,000 after purchasing an additional 54,304 shares in the last quarter. Maltese Capital Management LLC boosted its stake in shares of QCR by 11.4% in the 4th quarter. Maltese Capital Management LLC now owns 385,000 shares of the bank’s stock valued at $16,497,000 after purchasing an additional 39,500 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of QCR by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 513,341 shares of the bank’s stock valued at $24,332,000 after purchasing an additional 35,533 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of QCR by 15.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 260,234 shares of the bank’s stock valued at $11,841,000 after purchasing an additional 35,088 shares in the last quarter. Institutional investors own 59.73% of the company’s stock.
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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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