QCR Holdings (QCRH) was Reiterated by DA Davidson to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 30 from a previous price target of $28 . DA Davidson advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on QCR Holdings. Maxim Group Initiated QCR Holdings on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $30.
QCR Holdings opened for trading at $23.77 and hit $24.44 on the upside on Monday, eventually ending the session at $24.44, with a gain of 1.96% or 0.47 points. The heightened volatility saw the trading volume jump to 18,944 shares. Company has a market cap of $289 M.
In a different news, on Mar 4, 2016, John H Anderson (CEO) purchased 645 shares at $22.74 per share price. According to the SEC, on Feb 25, 2016, Elizabeth A Grabin (VP, Cntroller & Dir of Fin Rpt) sold 210 shares at $22.08 per share price. On Jan 29, 2016, Todd A Gipple (EVP, COO & CFO) sold 1,250 shares at $22.62 per share price, according to the Form-4 filing with the securities and exchange commission.
QCR Holdings Inc. is a multi-bank holding company. The Company serves the Quad Cities Cedar Rapids Waterloo/Cedar Falls and Rockford communities through its three wholly owned 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 Company also engages in direct financing lease contracts through m2 Lease Funds LLC (m2) a wholly owned subsidiary of QCBT. The Company invests limited amounts of its capital in financial institutions and mutual funds. CRBT continues to provide 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.