Wall Street brokerages forecast that QCR Holdings, Inc. (NASDAQ:QCRH) will post earnings of $0.84 per share for the current quarter, Zacks reports. Four analysts have made estimates for QCR’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.89. QCR reported earnings of $0.70 per share in the same quarter last year, which indicates a positive year over year growth rate of 20%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 7th.
According to Zacks, analysts expect that QCR will report full-year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.90 to $3.09. For the next year, analysts forecast that the firm will report earnings of $3.63 per share, with EPS estimates ranging from $3.45 to $3.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow QCR.
QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Monday, October 29th. The bank reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.22). The firm had revenue of $47.12 million for the quarter, compared to analysts’ expectations of $45.06 million. QCR had a net margin of 19.46% and a return on equity of 11.59%.
Several analysts have weighed in on QCRH shares. ValuEngine downgraded QCR from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Piper Jaffray Companies restated a “buy” rating and issued a $52.00 target price on shares of QCR in a research note on Monday, July 23rd. Finally, BidaskClub downgraded QCR from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. QCR has a consensus rating of “Buy” and a consensus price target of $50.83.
QCR stock traded up $0.15 during trading hours on Thursday, hitting $37.62. 504 shares of the stock traded hands, compared to its average volume of 38,099. 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 $591.33 million, a PE ratio of 14.14, a PEG ratio of 1.24 and a beta of 0.50. QCR has a 1 year low of $34.25 and a 1 year high of $49.60.
In other news, CEO Thomas D. Budd sold 824 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was 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 can be accessed through this link. 8.80% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of QCRH. Maltese Capital Management LLC purchased a new stake in shares of QCR in the second quarter worth about $10,306,000. Dimensional Fund Advisors LP boosted 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 purchasing an additional 80,850 shares in the last quarter. Renaissance Technologies LLC boosted 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 purchasing an additional 80,200 shares in the last quarter. BlackRock Inc. boosted 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 purchasing an additional 76,115 shares in the last quarter. Finally, Commerce Bank purchased a new position in QCR during the third quarter worth approximately $2,281,000. Hedge funds and other institutional investors own 57.36% of the company’s stock.
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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