FIG Partners Weighs in on QCR Holdings, Inc.’s Q1 2018 Earnings (QCRH)

QCR Holdings, Inc. (NASDAQ:QCRH) – FIG Partners issued their Q1 2018 earnings estimates for QCR in a research note issued to investors on Wednesday. FIG Partners analyst B. Martin anticipates that the bank will post earnings of $0.68 per share for the quarter. FIG Partners also issued estimates for QCR’s Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.20 EPS and Q1 2019 earnings at $0.78 EPS.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Thursday, February 1st. The bank reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The company had revenue of $41.51 million during the quarter, compared to analyst estimates of $39.74 million. QCR had a return on equity of 12.09% and a net margin of 21.51%.

QCRH has been the subject of several other research reports. DA Davidson reiterated a “buy” rating and issued a $56.00 price target on shares of QCR in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $54.00 price target on shares of QCR in a research report on Friday, December 22nd. Maxim Group dropped their price target on QCR from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. ValuEngine upgraded QCR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered QCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $53.60.

QCR (NASDAQ QCRH) opened at $44.25 on Friday. The company has a market capitalization of $605.56, a PE ratio of 16.70, a P/E/G ratio of 1.35 and a beta of 0.40. QCR has a 12-month low of $39.85 and a 12-month high of $50.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95.

In other QCR news, Director Patrick Baird sold 800 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $43.23, for a total transaction of $34,584.00. Following the completion of the transaction, the director now owns 52,722 shares in the company, valued at $2,279,172.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas M. Hultquist sold 2,036 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $43.90, for a total value of $89,380.40. Following the transaction, the chief executive officer now owns 77,404 shares of the company’s stock, valued at approximately $3,398,035.60. The disclosure for this sale can be found here. Insiders have sold 4,854 shares of company stock valued at $213,494 in the last 90 days. Company insiders own 8.80% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Citadel Advisors LLC boosted its position in shares of QCR by 15.0% during the fourth quarter. Citadel Advisors LLC now owns 22,414 shares of the bank’s stock valued at $960,000 after buying an additional 2,929 shares during the period. BlackRock Inc. boosted its position in shares of QCR by 0.4% during the fourth quarter. BlackRock Inc. now owns 974,529 shares of the bank’s stock valued at $41,760,000 after buying an additional 4,155 shares during the period. Wells Fargo & Company MN boosted its position in shares of QCR by 19.4% during the fourth quarter. Wells Fargo & Company MN now owns 23,790 shares of the bank’s stock valued at $1,019,000 after buying an additional 3,869 shares during the period. First Trust Advisors LP boosted its position in shares of QCR by 12.5% during the fourth quarter. First Trust Advisors LP now owns 48,314 shares of the bank’s stock valued at $2,070,000 after buying an additional 5,383 shares during the period. Finally, Maltese Capital Management LLC boosted its position in shares of QCR by 11.4% during the fourth quarter. Maltese Capital Management LLC now owns 385,000 shares of the bank’s stock valued at $16,497,000 after buying an additional 39,500 shares during the period. Institutional investors and hedge funds own 59.73% of the company’s stock.

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About QCR

QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.

Earnings History and Estimates for QCR (NASDAQ:QCRH)

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