The stock of QCR Holdings, Inc. (NASDAQ:QCRH) hit a new 52-week high and has $62.08 target or 91.00% above today’s $32.50 share price. The 6 months bullish chart indicates low risk for the $426.25 million company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $62.08 price target is reached, the company will be worth $387.89M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 6,941 shares traded hands. QCR Holdings, Inc. (NASDAQ:QCRH) has risen 36.69% since March 31, 2016 and is uptrending. It has outperformed by 34.16% 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 6 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated the stock with “Overweight” rating in Thursday, October 6 report. The company was maintained on Friday, May 27 by Maxim Group. As per Monday, October 31, the company rating was maintained by Maxim Group. The firm has “Buy” rating given on Wednesday, April 20 by Maxim Group. The rating was downgraded by TheStreet on Wednesday, September 2 to “Hold”. PiperJaffray initiated the stock with “Overweight” rating in Thursday, October 6 report.
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 increased, 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.
Jag Cap Limited Liability Co accumulated 0.05% or 8,700 shares. Vanguard Gru holds 0% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH) for 421,795 shares. Bridgeway Incorporated owns 50,150 shares or 0.02% of their US portfolio. The Missouri-based Stieven Cap Advsrs Ltd Partnership has invested 3.26% in QCR Holdings, Inc. (NASDAQ:QCRH). Exchange Mngmt holds 0.2% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH) for 18,250 shares. Castine Capital Ltd Liability Co has 9.13% invested in the company for 700,000 shares. Bancorp Of America De accumulated 3,779 shares or 0% of the stock. Nationwide Fund Advsr has 7,819 shares for 0% of their US portfolio. Blackrock Institutional Tru Na holds 0% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH) for 123,688 shares. Manufacturers Life Insurance The accumulated 0.01% or 130,348 shares. Endeavour Capital Advsrs accumulated 1.1% or 541,390 shares. Citigroup, a New York-based fund reported 124 shares. Moreover, Pinnacle Hldg Limited Liability Corporation has 0% invested in QCR Holdings, Inc. (NASDAQ:QCRH) for 125,070 shares. Moreover, Brandywine Invest Mgmt Ltd has 0% invested in QCR Holdings, Inc. (NASDAQ:QCRH) for 4,600 shares. The Minnesota-based Us Comml Bank De has invested 0% in QCR Holdings, Inc. (NASDAQ:QCRH).
Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 1 insider sale for $102,955 net activity. 3,490 QCR Holdings, Inc. (NASDAQ:QCRH) shares with value of $102,955 were sold by HELLING LARRY J.
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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