Brokerages expect that QCR Holdings, Inc. (NASDAQ:QCRH) will announce earnings of $0.73 per share for the current quarter, Zacks reports. Four analysts have made estimates for QCR’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.66. QCR reported earnings of $0.63 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.9%. The business is expected to report its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that QCR will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $3.08 to $3.13. For the next year, analysts forecast that the business will post earnings of $3.67 per share, with EPS estimates ranging from $3.60 to $3.70. Zacks’ EPS averages are an average based on a survey of research analysts that cover QCR.
QCR (NASDAQ:QCRH) last issued its earnings results on Thursday, July 19th. The bank reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). The business had revenue of $41.00 million during the quarter, compared to analyst estimates of $41.58 million. QCR had a net margin of 20.84% and a return on equity of 11.54%.
QCRH has been the topic of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 target price on shares of QCR in a report on Monday, July 23rd. BidaskClub upgraded QCR from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Finally, ValuEngine upgraded QCR from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $53.60.
In related news, CEO Thomas D. Budd sold 824 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total value of $35,432.00. Following the completion of the sale, the chief executive officer now owns 2,116 shares of the company’s stock, valued at approximately $90,988. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 8.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in QCRH. Swiss National Bank boosted its holdings in shares of QCR by 7.3% during the 1st quarter. Swiss National Bank now owns 21,939 shares of the bank’s stock valued at $984,000 after purchasing an additional 1,500 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of QCR by 8.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 59,282 shares of the bank’s stock valued at $2,659,000 after purchasing an additional 4,455 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of QCR by 2.4% during the 1st quarter. Northern Trust Corp now owns 156,834 shares of the bank’s stock valued at $7,035,000 after purchasing an additional 3,744 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of QCR by 7.0% during the 1st quarter. BlackRock Inc. now owns 1,043,060 shares of the bank’s stock valued at $46,782,000 after purchasing an additional 68,531 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of QCR by 24.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 366,810 shares of the bank’s stock valued at $16,452,000 after purchasing an additional 72,619 shares during the last quarter. 56.86% of the stock is owned by institutional investors and hedge funds.
Shares of QCRH traded up $0.34 during trading hours on Monday, reaching $40.08. The company’s stock had a trading volume of 255 shares, compared to its average volume of 50,388. The company has a market capitalization of $639.89 million, a price-to-earnings ratio of 15.04, a P/E/G ratio of 1.32 and a beta of 0.40. QCR has a 1-year low of $38.76 and a 1-year high of $49.70. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.97 and a quick ratio of 0.97.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Friday, September 21st were paid a $0.06 dividend. The ex-dividend date was Thursday, September 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.60%. QCR’s payout ratio is 9.02%.
QCR Company Profile
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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