Equities analysts predict that QCR Holdings (NASDAQ:QCRH) will report earnings per share of $0.71 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for QCR’s earnings. The highest EPS estimate is $0.72 and the lowest is $0.68. QCR posted earnings per share of $0.68 during the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that QCR will report full-year earnings of $3.25 per share for the current year, with EPS estimates ranging from $3.10 to $3.40. For the next fiscal year, analysts expect that the firm will report earnings of $3.61 per share, with EPS estimates ranging from $3.48 to $3.79. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow QCR.
QCR (NASDAQ:QCRH) last released its quarterly earnings data on Thursday, February 1st. The bank reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $39.74 million. QCR had a net margin of 21.51% and a return on equity of 11.58%.
A number of research firms recently issued reports on QCRH. ValuEngine upgraded shares of QCR from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Maxim Group reiterated a “buy” rating and set a $53.00 price objective on shares of QCR in a research report on Friday, February 2nd. DA Davidson reiterated a “buy” rating and set a $56.00 price objective on shares of QCR in a research report on Wednesday, December 20th. Piper Jaffray set a $52.00 price objective on shares of QCR and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, Stephens set a $53.00 price objective on shares of QCR and gave the stock a “buy” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.60.
In other QCR news, CEO Douglas M. Hultquist sold 2,036 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 77,404 shares in the company, valued at approximately $3,398,035.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas M. Hultquist sold 2,014 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $44.33, for a total transaction of $89,280.62. Following the completion of the transaction, the chief executive officer now owns 77,404 shares of the company’s stock, valued at $3,431,319.32. The disclosure for this sale can be found here. Corporate insiders own 8.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ramsey Quantitative Systems acquired a new position in QCR in the 4th quarter valued at approximately $123,000. Castine Capital Management LLC increased its position in QCR by 9.7% in the 3rd quarter. Castine Capital Management LLC now owns 280,479 shares of the bank’s stock valued at $12,761,000 after acquiring an additional 24,896 shares during the period. Systematic Financial Management LP acquired a new position in QCR in the 3rd quarter valued at approximately $1,158,000. Allianz Asset Management GmbH increased its position in QCR by 4.2% in the 4th quarter. Allianz Asset Management GmbH now owns 37,114 shares of the bank’s stock valued at $1,591,000 after acquiring an additional 1,510 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in QCR by 5.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 149,388 shares of the bank’s stock valued at $6,401,000 after acquiring an additional 8,180 shares during the period. Hedge funds and other institutional investors own 61.02% of the company’s stock.
QCRH stock traded down $1.35 during trading on Friday, reaching $44.55. 44,796 shares of the company were exchanged, compared to its average volume of 49,107. The stock has a market cap of $620.67, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.37 and a beta of 0.40. QCR has a twelve month low of $39.85 and a twelve month high of $50.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.95 and a quick ratio of 0.95.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 4th. Shareholders of record on Friday, March 16th were given a $0.06 dividend. This is a boost from QCR’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, March 15th. QCR’s dividend payout ratio is 9.02%.
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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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