QCR Holdings, Inc. (NASDAQ:QCRH) – FIG Partners lowered their FY2018 EPS estimates for QCR in a research report issued on Tuesday, October 30th. FIG Partners analyst B. Martin now anticipates that the bank will earn $2.90 per share for the year, down from their previous forecast of $3.13. FIG Partners also issued estimates for QCR’s Q4 2018 earnings at $0.73 EPS, Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.86 EPS and FY2019 earnings at $3.45 EPS.
QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.22). The firm had revenue of $47.12 million during the quarter, compared to the consensus estimate of $45.06 million. QCR had a net margin of 19.46% and a return on equity of 11.59%.
QCRH has been the topic of a number of other reports. ValuEngine cut shares of QCR from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. BidaskClub lowered shares of QCR from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Raymond James cut their target price on shares of QCR from $49.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Piper Jaffray Companies set a $45.00 target price on shares of QCR and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.83.
Shares of NASDAQ:QCRH opened at $37.75 on Thursday. The company has a market capitalization of $558.75 million, a P/E ratio of 14.19, a PEG ratio of 1.15 and a beta of 0.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.98. QCR has a 1 year low of $34.25 and a 1 year high of $49.60.
A number of institutional investors have recently modified their holdings of the business. Commerce Bank acquired a new stake in QCR in the third quarter valued at approximately $2,281,000. Summit X LLC acquired a new stake in QCR in the third quarter valued at approximately $250,000. Victory Capital Management Inc. acquired a new stake in QCR in the third quarter valued at approximately $1,283,000. Assenagon Asset Management S.A. acquired a new stake in QCR in the third quarter valued at approximately $1,786,000. Finally, First Trust Advisors LP boosted its position in QCR by 81.8% in the third quarter. First Trust Advisors LP now owns 62,599 shares of the bank’s stock valued at $2,557,000 after buying an additional 28,170 shares in the last quarter. Hedge funds and other institutional investors own 56.99% of the company’s stock.
In other QCR news, CEO Thomas D. Budd sold 824 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total value of $35,432.00. Following the sale, the chief executive officer now owns 2,116 shares in the company, valued at $90,988. The sale 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.
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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