QCR Holdings, Inc. (NASDAQ:QCRH) – Investment analysts at Piper Jaffray Companies decreased their FY2018 EPS estimates for QCR in a report issued on Wednesday, October 31st. Piper Jaffray Companies analyst N. Race now anticipates that the bank will post earnings of $3.03 per share for the year, down from their previous forecast of $3.13. Piper Jaffray Companies has a “Buy” rating and a $45.00 price target on the stock. Piper Jaffray Companies also issued estimates for QCR’s Q1 2020 earnings at $0.96 EPS, Q2 2020 earnings at $0.99 EPS, Q3 2020 earnings at $1.02 EPS and FY2020 earnings at $4.05 EPS.
Other equities analysts have also recently issued reports about the company. ValuEngine raised QCR from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Raymond James reduced their price objective on QCR from $49.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, BidaskClub downgraded QCR from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.83.
Shares of QCRH stock opened at $37.14 on Friday. The firm has a market cap of $558.75 million, a P/E ratio of 13.96, a PEG ratio of 1.15 and a beta of 0.40. QCR has a 1 year low of $34.25 and a 1 year high of $49.60. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.98.
QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Monday, October 29th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.22). The firm had revenue of $47.12 million for the quarter, compared to analyst estimates of $45.06 million. QCR had a return on equity of 11.59% and a net margin of 19.46%.
A number of institutional investors have recently added to or reduced their stakes in QCRH. Maltese Capital Management LLC purchased a new position in QCR during the second quarter worth $10,306,000. Dimensional Fund Advisors LP increased its position in QCR by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 447,660 shares of the bank’s stock worth $21,242,000 after buying an additional 80,850 shares in the last quarter. Renaissance Technologies LLC increased its position in QCR by 18.6% during the second quarter. Renaissance Technologies LLC now owns 510,700 shares of the bank’s stock worth $24,233,000 after buying an additional 80,200 shares in the last quarter. BlackRock Inc. increased its position in QCR by 7.3% during the second quarter. BlackRock Inc. now owns 1,119,175 shares of the bank’s stock worth $53,102,000 after buying an additional 76,115 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in QCR during the third quarter worth $1,786,000. 56.99% of the stock is owned by institutional investors.
In other QCR news, CEO Thomas D. Budd sold 824 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total transaction of $35,432.00. Following the completion of the transaction, the chief executive officer now owns 2,116 shares of the company’s stock, valued at $90,988. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.80% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 21st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, September 20th. QCR’s payout ratio is 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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