Notable Runner: Is Buying QCR Holdings, Inc. Here a Winning Strategy?

Notable Runner: Is Buying QCR Holdings, Inc. Here a Winning Strategy?

The stock of QCR Holdings, Inc. (NASDAQ:QCRH) hit a new 52-week high and has $82.11 target or 144.00% above today’s $33.65 share price. The 8 months bullish chart indicates low risk for the $437.96 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $82.11 price target is reached, the company will be worth $630.66 million 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 37,372 shares traded hands or 59.65% up from the average. QCR Holdings, Inc. (NASDAQ:QCRH) has risen 40.08% since April 5, 2016 and is uptrending. It has outperformed by 38.12% 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 QCR Holdings, Inc. (NASDAQ:QCRH) rating on Thursday, October 6. Piper Jaffray has “Overweight” rating and $36 price target. TheStreet downgraded QCR Holdings, Inc. (NASDAQ:QCRH) on Wednesday, September 2 to “Hold” rating. The stock has “Buy” rating given by Maxim Group on Monday, October 31. The stock of QCR Holdings, Inc. (NASDAQ:QCRH) earned “Buy” rating by Maxim Group on Friday, May 27. The stock of QCR Holdings, Inc. (NASDAQ:QCRH) has “Buy” rating given on Wednesday, April 20 by Maxim Group. On Thursday, October 6 the stock rating was initiated by PiperJaffray with “Overweight”.

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 Q2 2016. Its up 1.83, from 0.78 in 2016Q1. The ratio is positive, 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.
Prudential has 11,900 shares for 0% of their US portfolio. Stieven Capital Advsr Limited Partnership owns 430,500 shares or 3.26% of their US portfolio. First Trust Lp holds 0% or 18,932 shares in its portfolio. Tower Lc (Trc) owns 527 shares or 0% of their US portfolio. Morgan Stanley last reported 4,730 shares in the company. California Public Employees Retirement System accumulated 0% or 20,836 shares. United Fire Gp accumulated 1.23% or 113,181 shares. Brandywine Global Ltd Com has invested 0% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH). Jag Capital Mngmt Lc holds 0.05% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH) for 8,700 shares. Eam Invsts Limited Liability Company holds 0.23% or 56,052 shares in its portfolio. Endeavour Cap Inc has 1.1% invested in the company for 541,390 shares. New York State Common Retirement Fund last reported 0% of its portfolio in the stock. Raymond James And Associate holds 0% or 12,675 shares in its portfolio. California State Teachers Retirement Systems has 24,957 shares for 0% of their US portfolio. Us Natl Bank De has 4,981 shares for 0% of their US portfolio.

Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 1 sale for $102,955 net activity. Shares for $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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