QCR (NASDAQ:QCRH) Announces Earnings Results, Beats Expectations By $0.27 EPS

QCR (NASDAQ:QCRH) announced its earnings results on Tuesday. The bank reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.27, Zacks reports. The business had revenue of $141.91 million during the quarter, compared to analyst estimates of $82.83 million. QCR had a net margin of 20.80% and a return on equity of 13.78%. During the same period in the previous year, the business posted $1.65 earnings per share.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $58.36 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.81. The stock has a market cap of $980.45 million, a PE ratio of 8.67 and a beta of 0.95. The company’s fifty day moving average is $57.15 and its 200 day moving average is $55.09. QCR has a 52 week low of $35.14 and a 52 week high of $62.94.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 14th. QCR’s dividend payout ratio is currently 3.57%.

Insider Buying and Selling at QCR

In other news, CFO Todd A. Gipple sold 6,791 shares of QCR stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $61.00, for a total value of $414,251.00. Following the transaction, the chief financial officer now owns 40,043 shares in the company, valued at $2,442,623. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Larry J. Helling acquired 1,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $56.00 per share, with a total value of $56,000.00. Following the completion of the purchase, the chief executive officer now owns 36,601 shares in the company, valued at approximately $2,049,656. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd A. Gipple sold 6,791 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $61.00, for a total transaction of $414,251.00. Following the completion of the transaction, the chief financial officer now owns 40,043 shares in the company, valued at approximately $2,442,623. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on QCRH. Piper Sandler raised their price objective on shares of QCR from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Raymond James lifted their price target on QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods upped their price objective on QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.