Equities research analysts expect QCR Holdings, Inc. (NASDAQ:QCRH) to announce $45.06 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for QCR’s earnings, with the lowest sales estimate coming in at $43.25 million and the highest estimate coming in at $45.80 million. QCR posted sales of $35.26 million in the same quarter last year, which suggests a positive year over year growth rate of 27.8%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, October 29th.

According to Zacks, analysts expect that QCR will report full-year sales of $175.17 million for the current fiscal year, with estimates ranging from $172.59 million to $179.30 million. For the next financial year, analysts anticipate that the business will report sales of $197.47 million, with estimates ranging from $195.50 million to $201.30 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover QCR.

QCR (NASDAQ:QCRH) last released its 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). The company had revenue of $41.00 million for the quarter, compared to analysts’ expectations of $41.58 million. QCR had a return on equity of 11.54% and a net margin of 20.84%.

A number of research firms have recently commented on QCRH. BidaskClub cut shares of QCR from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. ValuEngine raised shares of QCR from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $52.00 target price on shares of QCR in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company. QCR presently has an average rating of “Hold” and a consensus target price of $53.60.

Shares of QCRH stock traded down $1.26 on Wednesday, reaching $37.45. 34,382 shares of the company were exchanged, compared to its average volume of 49,937. The stock has a market capitalization of $639.89 million, a P/E ratio of 14.08, a P/E/G ratio of 1.32 and a beta of 0.40. 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 has a 1 year low of $36.50 and a 1 year high of $49.70.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Friday, September 21st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.64%. QCR’s payout ratio is presently 9.02%.

In related news, CEO Thomas D. Budd sold 824 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction of $35,432.00. Following the transaction, the chief executive officer now directly owns 2,116 shares in the company, valued at $90,988. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC acquired a new position in QCR during the first quarter worth about $139,000. Barclays PLC boosted its holdings in QCR by 82.8% in the 1st 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 last quarter. State Board of Administration of Florida Retirement System acquired a new position in QCR in the 2nd quarter valued at about $206,000. A.R.T. Advisors LLC acquired a new position in QCR in the 1st quarter valued at about $239,000. Finally, CWM LLC acquired a new position in QCR in the 2nd quarter valued at about $254,000. Hedge funds and other institutional investors own 56.86% 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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Earnings History and Estimates for QCR (NASDAQ:QCRH)

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