Wall Street brokerages forecast that QCR Holdings, Inc. (NASDAQ:QCRH) will report sales of $50.76 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for QCR’s earnings, with the lowest sales estimate coming in at $50.04 million and the highest estimate coming in at $51.71 million. QCR reported sales of $41.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 23.8%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, July 23rd.
According to Zacks, analysts expect that QCR will report full-year sales of $205.52 million for the current fiscal year, with estimates ranging from $202.19 million to $209.08 million. For the next fiscal year, analysts expect that the firm will report sales of $219.12 million, with estimates ranging from $216.74 million to $222.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for QCR.
QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, April 24th. The bank reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.01). QCR had a net margin of 18.92% and a return on equity of 10.92%. The business had revenue of $48.90 million for the quarter, compared to the consensus estimate of $50.20 million.
Several equities analysts recently commented on the stock. Maxim Group reduced their target price on shares of SVB Financial Group to $325.00 and set a “buy” rating on the stock in a report on Monday, April 29th. ValuEngine raised shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, July 16th. Finally, BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in QCR by 0.9% during the 4th quarter. BlackRock Inc. now owns 925,327 shares of the bank’s stock valued at $29,694,000 after acquiring an additional 8,240 shares during the period. Dimensional Fund Advisors LP lifted its position in QCR by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock valued at $17,528,000 after acquiring an additional 35,714 shares during the period. Castine Capital Management LLC lifted its position in QCR by 1.7% during the 1st quarter. Castine Capital Management LLC now owns 335,646 shares of the bank’s stock valued at $11,385,000 after acquiring an additional 5,686 shares during the period. Kennedy Capital Management Inc. lifted its position in QCR by 7.3% during the 1st quarter. Kennedy Capital Management Inc. now owns 244,984 shares of the bank’s stock valued at $8,310,000 after acquiring an additional 16,726 shares during the period. Finally, Geode Capital Management LLC lifted its position in QCR by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 154,968 shares of the bank’s stock valued at $4,972,000 after acquiring an additional 10,970 shares during the period. 58.79% of the stock is owned by institutional investors.
Shares of QCRH stock traded up $0.21 on Friday, hitting $33.92. 48,876 shares of the company’s stock traded hands, compared to its average volume of 48,012. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.55. QCR has a one year low of $30.15 and a one year high of $48.10. The firm’s fifty day moving average is $33.86. The stock has a market cap of $534.51 million, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 21st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, June 20th. QCR’s payout ratio is 7.79%.
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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