QCR Holdings, Inc. (QCRH) Forms Bullish Wedge Up; Strong Momentum for Buyers Coming

May 18, 2018 - By Joseph Arnett

Investors sentiment decreased to 1.55 in 2017 Q4. Its down 0.82, from 2.37 in 2017Q3. It dived, as 12 investors sold QCR Holdings, Inc. shares while 26 reduced holdings. 16 funds opened positions while 43 raised stakes. 8.35 million shares or 1.89% more from 8.19 million shares in 2017Q3 were reported.
Swiss National Bank & Trust has 20,439 shares for 0% of their portfolio. Maltese Mngmt Limited Liability Corporation stated it has 385,000 shares. Ameriprise holds 71,013 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH) for 452 shares. Ny State Common Retirement Fund owns 24,216 shares. Wedge Capital L Lp Nc has invested 0.06% in QCR Holdings, Inc. (NASDAQ:QCRH). Pinnacle Limited Liability Company invested 1.73% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH). Sei Invs reported 449 shares. 20,560 are owned by Bowling Mgmt Llc. 93,253 were reported by Emerald Mutual Fund Advisers. Legal & General Grp Public Limited Company holds 0% in QCR Holdings, Inc. (NASDAQ:QCRH) or 3,176 shares. First Quadrant L P Ca holds 7,758 shares or 0.01% of its portfolio. Jpmorgan Chase And holds 3,098 shares. Bankshares Of America Corporation De invested in 0% or 39,734 shares. Mairs Inc holds 0.05% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH) for 90,975 shares.

Since December 14, 2017, it had 2 buys, and 10 sales for $683,411 activity. Another trade for 800 shares valued at $34,584 was made by BAIRD PATRICK on Friday, December 15. BUDD THOMAS D had sold 997 shares worth $44,200 on Thursday, December 14. HULTQUIST DOUGLAS M also sold $89,285 worth of QCR Holdings, Inc. (NASDAQ:QCRH) on Wednesday, February 28. HELLING LARRY J sold 1,021 shares worth $45,332. The insider Grabin Elizabeth A sold 517 shares worth $24,558. ANDERSON JOHN H had sold 3,697 shares worth $175,829 on Tuesday, April 24.

The stock of QCR Holdings, Inc. (QCRH) formed an up wedge with $49.92 target or 4.00 % above today’s $48.00 share price. The 6 months wedge indicates low risk for the $669.73M company. If the $49.92 price target is reached, the company will be worth $26.79 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.16% or $0.55 during the last trading session, reaching $48. About 30,301 shares traded. QCR Holdings, Inc. (NASDAQ:QCRH) has risen 6.12% since May 18, 2017 and is uptrending. It has underperformed by 5.43% the S&P500.

Analysts await QCR Holdings, Inc. (NASDAQ:QCRH) to report earnings on July, 19. They expect $0.79 earnings per share, up 21.54 % or $0.14 from last year’s $0.65 per share. QCRH’s profit will be $11.02M for 15.19 P/E if the $0.79 EPS becomes a reality. After $0.75 actual earnings per share reported by QCR Holdings, Inc. for the previous quarter, Wall Street now forecasts 5.33 % EPS growth.

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

Among 5 analysts covering QCR Holdings (NASDAQ:QCRH), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. QCR Holdings has $56.0 highest and $52.0 lowest target. $54.20’s average target is 12.92% above currents $48 stock price. QCR Holdings had 8 analyst reports since December 20, 2017 according to SRatingsIntel. On Wednesday, April 18 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained QCR Holdings, Inc. (NASDAQ:QCRH) on Thursday, December 21 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, April 18 report. On Friday, February 2 the stock rating was maintained by Maxim Group with “Buy”. The firm has “Buy” rating given on Monday, February 5 by Piper Jaffray. The firm has “Buy” rating by Maxim Group given on Wednesday, April 18. On Monday, February 5 the stock rating was maintained by Stephens with “Buy”.

Another recent and important QCR Holdings, Inc. (NASDAQ:QCRH) news was published by Streetinsider.com which published an article titled: “Springfield Bancshares Deal Adds To QCR Holdings (QCRH) Growth And Multiple, PT To $54” on April 19, 2018.

QCR Holdings, Inc., a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company has market cap of $669.73 million. The firm operates through Commercial Banking and Wealth Management divisions. It has a 18.39 P/E ratio. It accepts deposits, and invests in loans/leases and securities.

QCR Holdings, Inc. (NASDAQ:QCRH) Institutional Positions Chart

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