Today’s Stock On Watch: Time to Reconsider QCR Holdings, Inc. After Touching All Time High?

Today's Stock On Watch: Time to Reconsider QCR Holdings, Inc. After Touching All Time High?

The stock of QCR Holdings, Inc. (NASDAQ:QCRH) reached all time high today, Oct, 28 and still has $67.41 target or 110.00% above today’s $32.10 share price. This indicates more upside for the $419.96M company. This technical setup was reported by Barchart.com. If the $67.41 PT is reached, the company will be worth $461.96M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 14,568 shares traded hands. QCR Holdings, Inc. (NASDAQ:QCRH) has risen 38.19% since March 28, 2016 and is uptrending. It has outperformed by 33.48% the S&P500.

QCR Holdings, Inc. (NASDAQ:QCRH) Ratings Coverage

Out of 4 analysts covering QCR Holdings (NASDAQ:QCRH), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. QCR Holdings has been the topic of 5 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray on Thursday, October 6 with “Overweight”. The firm earned “Overweight” rating on Thursday, October 6 by PiperJaffray. The firm has “Buy” rating given on Wednesday, April 20 by Maxim Group. The firm has “Hold” rating given on Wednesday, September 2 by TheStreet. The firm has “Buy” rating given on Friday, May 27 by Maxim Group.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 2.61 in 2016 Q2. Its up 1.83, from 0.78 in 2016Q1. The ratio improved, as 3 funds sold all QCR Holdings, Inc. shares owned while 15 reduced positions. 7 funds bought stakes while 40 increased positions. They now own 7.15 million shares or 24.19% more from 5.76 million shares in 2016Q1.
The Minnesota-based Us Commercial Bank De has invested 0% in QCR Holdings, Inc. (NASDAQ:QCRH). Royal National Bank Of Canada holds 0% or 700 shares in its portfolio. Oberweis Asset Management accumulated 15,800 shares or 0.13% of the stock. Blackrock has 2,690 shares for 0% of their US portfolio. Catalyst Cap Advisors reported 4,240 shares or 0.02% of all its holdings. Stifel Fincl last reported 90,500 shares in the company. Tiaa Cref Inv Mgmt Lc owns 38,109 shares or 0% of their US portfolio. Vanguard Gp accumulated 0% or 421,795 shares. Prudential Fincl accumulated 0% or 11,900 shares. Chicago Equity Llc accumulated 0.02% or 21,690 shares. State Street Corporation last reported 162,764 shares in the company. Manufacturers Life The has invested 0.01% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH). Bridgeway holds 50,150 shares or 0.02% of its portfolio. Elizabeth Park Advsr holds 3.14% or 271,099 shares in its portfolio. National Bank Of New York Mellon Corporation owns 42,689 shares or 0% of their US portfolio.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 insider sale for $102,955 net activity. HELLING LARRY J had sold 3,490 shares worth $102,955.

More recent QCR Holdings, Inc. (NASDAQ:QCRH) news were published by: Globenewswire.com which released: “QCR Holdings, Inc. Announces the Closing of the Acquisition of Community State …” on September 01, 2016. Also Globenewswire.com published the news titled: “QCR Holdings, Inc. Announces Plan to Acquire Community State Bank of Ankeny …” on May 23, 2016. Globenewswire.com‘s news article titled: “QCR Holdings, Inc. Announces a Cash Dividend and Retirement of Chair of the Board” with publication date: May 18, 2016 was also an interesting one.

QCRH Company Profile

QCR Holdings, Inc., incorporated on February 4, 1993, is a multi-bank holding company. The Firm serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls and Rockford communities, through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking, and trust and asset management services. The Firm is also engaged in direct financing lease contracts through m2 Lease Funds, LLC (m2), a subsidiary of QCBT. The Firm invests limited amounts of its capital in financial institutions and mutual funds. CRBT provides residential real estate mortgage lending services through its consumer banking division. The Company’s principal business consists of attracting deposits and investing those deposits in loans/leases and securities.

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