Analysts Anticipate QCR Holdings, Inc. (QCRH) to Post $0.68 EPS
Equities analysts expect that QCR Holdings, Inc. (NASDAQ:QCRH) will announce $0.68 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for QCR Holdings’ earnings. The highest EPS estimate is $0.70 and the lowest is $0.66. QCR Holdings posted earnings per share of $0.46 in the same quarter last year, which would indicate a positive year-over-year growth rate of 47.8%. The company is expected to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that QCR Holdings will report full year earnings of $2.71 per share for the current financial year, with EPS estimates ranging from $2.67 to $2.77. For the next fiscal year, analysts forecast that the firm will report earnings of $3.04 per share, with EPS estimates ranging from $2.84 to $3.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover QCR Holdings.
QCR Holdings (NASDAQ:QCRH) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.01). The firm had revenue of $34.83 million during the quarter, compared to analyst estimates of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%.
Several equities analysts have commented on QCRH shares. ValuEngine upgraded QCR Holdings from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Maxim Group restated a “buy” rating and set a $53.00 price objective on shares of QCR Holdings in a research report on Thursday, June 15th. Keefe, Bruyette & Woods set a $52.00 price objective on QCR Holdings and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Finally, BidaskClub downgraded QCR Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.00.
Shares of QCR Holdings (QCRH) opened at 43.00 on Monday. The firm has a market capitalization of $566.78 million, a price-to-earnings ratio of 17.69 and a beta of 0.62. QCR Holdings has a 12 month low of $28.70 and a 12 month high of $50.00. The company has a 50-day moving average price of $44.13 and a 200-day moving average price of $44.72.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Friday, September 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. QCR Holdings’s dividend payout ratio (DPR) is 8.23%.
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In related news, CFO Todd A. Gipple sold 5,920 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total transaction of $254,560.00. Following the completion of the sale, the chief financial officer now owns 49,162 shares of the company’s stock, valued at $2,113,966. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cathie Whiteside sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $46.23, for a total value of $231,150.00. Following the sale, the executive vice president now directly owns 17,255 shares of the company’s stock, valued at approximately $797,698.65. The disclosure for this sale can be found here. Insiders have sold 14,450 shares of company stock valued at $646,051 over the last 90 days. 8.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QCRH. First Quadrant L P CA acquired a new stake in QCR Holdings during the second quarter worth approximately $468,000. Municipal Employees Retirement System of Michigan acquired a new stake in QCR Holdings during the second quarter worth approximately $723,000. Bowling Portfolio Management LLC acquired a new stake in QCR Holdings during the second quarter worth approximately $746,000. Bessemer Group Inc. grew its stake in QCR Holdings by 0.4% during the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock worth $1,104,000 after purchasing an additional 100 shares during the period. Finally, Busey Trust CO acquired a new stake in QCR Holdings during the second quarter worth approximately $213,000. 62.07% of the stock is owned by institutional investors and hedge funds.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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