The stock of QCR Holdings, Inc. (NASDAQ:QCRH) reached all time high today, Nov, 7 and still has $82.00 target or 145.00% above today’s $33.47 share price. This indicates more upside for the $435.68M company. This technical setup was reported by Barchart.com. If the $82.00 PT is reached, the company will be worth $631.74M 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 41,683 shares traded hands or 78.07% 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. The stock has “Overweight” rating given by Piper Jaffray on Thursday, October 6. The stock of QCR Holdings, Inc. (NASDAQ:QCRH) earned “Buy” rating by Maxim Group on Friday, May 27. PiperJaffray initiated it with “Overweight” rating and $36 target price in Thursday, October 6 report. As per Wednesday, September 2, the company rating was downgraded by TheStreet. The stock of QCR Holdings, Inc. (NASDAQ:QCRH) earned “Buy” rating by Maxim Group on Monday, October 31. The firm earned “Buy” rating on Wednesday, April 20 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 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.
Emerald Mutual Fund Advisers Trust has 30,000 shares for 0.05% of their US portfolio. United Fire Gp has 113,181 shares for 1.23% of their US portfolio. Oberweis Asset Mngmt holds 0.13% or 15,800 shares in its portfolio. Catalyst Advsrs Ltd Liability last reported 4,240 shares in the company. Citigroup Incorporated last reported 124 shares in the company. Financial Bank Of Montreal Can accumulated 4,700 shares or 0% of the stock. Us Comml Bank De last reported 0% of its portfolio in the stock. Wellington Gp Llp last reported 0% of its portfolio in the stock. California Public Employees Retirement System holds 0% or 20,836 shares in its portfolio. Second Curve Cap Limited Liability owns 81,171 shares or 1.71% of their US portfolio. Barclays Public Llc has 0% invested in the company for 11,125 shares. Fsi Limited Liability accumulated 74,000 shares or 1.23% of the stock. Brandywine Glob Invest Ltd has 0% invested in the company for 4,600 shares. Susquehanna International Llp last reported 0% of its portfolio in the stock. The Delaware-based Blackrock Advsr Ltd Liability Corporation has invested 0% in QCR Holdings, Inc. (NASDAQ:QCRH).
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 sale for $102,955 net activity. HELLING LARRY J sold $102,955 worth of QCR Holdings, Inc. (NASDAQ:QCRH) on Monday, August 8.
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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