QCR Holdings, Inc. (QCRH) Can’t Be More Risky. The Stock Formed a Multiple Bottom

February 21, 2018 - By sdfsdfsdf

Investors sentiment increased to 2.37 in Q3 2017. Its up 0.93, from 1.44 in 2017Q2. It improved, as 7 investors sold QCR Holdings, Inc. shares while 20 reduced holdings. 18 funds opened positions while 46 raised stakes. 8.19 million shares or 1.59% more from 8.06 million shares in 2017Q2 were reported.
4,800 were accumulated by Smith Asset Mgmt Group Inc Lp. Wells Fargo & Mn invested 0% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH). First Quadrant Lp Ca stated it has 0.01% in QCR Holdings, Inc. (NASDAQ:QCRH). Jacobs Asset Mngmt Limited Company has invested 3.01% in QCR Holdings, Inc. (NASDAQ:QCRH). Voya Invest Management Ltd Liability Corporation has invested 0% in QCR Holdings, Inc. (NASDAQ:QCRH). Zurcher Kantonalbank (Zurich Cantonalbank) owns 452 shares. Legal And General Grp Plc holds 0% or 3,176 shares. Principal Financial holds 5,140 shares. Indexiq Advisors Lc invested in 0.04% or 20,464 shares. Citigroup invested in 10,133 shares or 0% of the stock. Us Bancorp De holds 0% or 3,869 shares. Bessemer has 0% invested in QCR Holdings, Inc. (NASDAQ:QCRH) for 24,200 shares. Howe Rusling owns 3,000 shares for 0.03% of their portfolio. Geode Capital Ltd Liability Corporation reported 0% in QCR Holdings, Inc. (NASDAQ:QCRH). 130,039 are owned by Ajo L P.

Since September 13, 2017, it had 1 insider buy, and 6 selling transactions for $482,055 activity. BUDD THOMAS D sold 478 shares worth $20,554. 800 shares were sold by BAIRD PATRICK, worth $34,584 on Friday, December 15. Shares for $89,380 were sold by HULTQUIST DOUGLAS M on Wednesday, January 31. Another trade for 1,021 shares valued at $45,332 was made by HELLING LARRY J on Tuesday, December 19. Ziegler Marie Z. had bought 148 shares worth $6,555 on Friday, January 19.

The stock of QCR Holdings, Inc. (QCRH) shows a multiple bottoms pattern with $42.19 target or 4.00 % below today’s $43.95 share price. The 8 months chart pattern indicates high risk for the $611.71M company. It was reported on Feb, 21 by Finviz.com. If the $42.19 price target is reached, the company will be worth $24.47M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 2.22% or $1 during the last trading session, reaching $43.95. About 43,055 shares traded. QCR Holdings, Inc. (NASDAQ:QCRH) has risen 70.56% since February 21, 2017 and is uptrending. It has outperformed by 53.86% the S&P500.

Analysts await QCR Holdings, Inc. (NASDAQ:QCRH) to report earnings on April, 19. They expect $0.71 earnings per share, up 4.41 % or $0.03 from last year’s $0.68 per share. QCRH’s profit will be $9.88 million for 15.48 P/E if the $0.71 EPS becomes a reality. After $0.70 actual earnings per share reported by QCR Holdings, Inc. for the previous quarter, Wall Street now forecasts 1.43 % EPS growth.

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

Among 7 analysts covering QCR Holdings (NASDAQ:QCRH), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. QCR Holdings has $56.0 highest and $33 lowest target. $50.67’s average target is 15.29% above currents $43.95 stock price. QCR Holdings had 19 analyst reports since September 2, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 21 by Maxim Group. TheStreet downgraded the shares of QCRH in report on Wednesday, September 2 to “Hold” rating. The firm earned “Buy” rating on Friday, November 3 by Maxim Group. On Monday, February 5 the stock rating was maintained by Piper Jaffray with “Buy”. The company was maintained on Friday, May 27 by Maxim Group. Maxim Group maintained QCR Holdings, Inc. (NASDAQ:QCRH) rating on Thursday, June 15. Maxim Group has “Buy” rating and $5300 target. The stock of QCR Holdings, Inc. (NASDAQ:QCRH) earned “Buy” rating by Keefe Bruyette & Woods on Friday, July 21. The stock has “Buy” rating by Stephens on Monday, February 5. Keefe Bruyette & Woods maintained it with “Buy” rating and $5000 target in Friday, June 9 report. The firm earned “Buy” rating on Monday, December 19 by Maxim Group.

More notable recent QCR Holdings, Inc. (NASDAQ:QCRH) news were published by: Nasdaq.com which released: “QCR Holdings, Inc. (QCRH) Ex-Dividend Date Scheduled for December 14, 2017” on December 13, 2017, also Globenewswire.com with their article: “QCR Holdings, Inc. Announces 2017 Third Quarter Earnings Call” published on October 24, 2017, Globenewswire.com published: “QCR Holdings, Inc. Announces the Closing of the Acquisition of Guaranty Bank …” on October 02, 2017. More interesting news about QCR Holdings, Inc. (NASDAQ:QCRH) were released by: Seekingalpha.com and their article: “QCR Holdings’ (QCRH) CEO Doug Hultquist on Q3 2017 Results – Earnings Call …” published on November 03, 2017 as well as Reuters.com‘s news article titled: “BRIEF-QCR Holdings plans to acquire Guaranty Bank and Trust Company from …” with publication date: June 08, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.