Analysts expect QCR Holdings, Inc. (NASDAQ:QCRH) to post $45.06 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for QCR’s earnings, with the highest sales estimate coming in at $45.80 million and the lowest estimate coming in at $43.25 million. QCR reported sales of $35.26 million in the same quarter last year, which would suggest a positive year over year growth rate of 27.8%. The company is expected to issue its next earnings results after the market closes on Monday, October 29th.
On average, analysts expect that QCR will report full-year sales of $175.17 million for the current year, with estimates ranging from $172.59 million to $179.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $197.47 million, with estimates ranging from $195.50 million to $201.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for QCR.
QCR (NASDAQ:QCRH) last released its quarterly earnings results on Thursday, July 19th. The bank reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). QCR had a net margin of 20.84% and a return on equity of 11.54%. The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.58 million.
QCRH has been the subject of several analyst reports. BidaskClub raised QCR from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Piper Jaffray Companies reissued a “buy” rating and issued a $52.00 price objective on shares of QCR in a research note on Monday, July 23rd. Finally, ValuEngine downgraded QCR from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $53.60.
In other news, CEO Thomas D. Budd sold 824 shares of the company’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 transaction, the chief executive officer now directly owns 2,116 shares of the company’s stock, valued at $90,988. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.80% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC bought a new position in QCR during the first quarter valued at $139,000. Barclays PLC grew its holdings in QCR by 82.8% during the first quarter. Barclays PLC now owns 3,514 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,592 shares during the period. State Board of Administration of Florida Retirement System bought a new position in QCR during the second quarter valued at $206,000. A.R.T. Advisors LLC bought a new position in QCR during the first quarter valued at $239,000. Finally, CWM LLC bought a new position in QCR during the second quarter valued at $254,000. 56.86% of the stock is owned by institutional investors.
QCRH stock traded down $1.26 during trading on Wednesday, reaching $37.45. 34,382 shares of the stock were exchanged, compared to its average volume of 49,937. QCR has a twelve month low of $36.50 and a twelve month high of $49.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $639.89 million, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.32 and a beta of 0.40.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Stockholders of record on Friday, September 21st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, September 20th. QCR’s dividend payout ratio is presently 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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