Wall Street analysts expect QCR Holdings, Inc. (NASDAQ:QCRH) to post $48.73 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for QCR’s earnings, with the highest sales estimate coming in at $50.00 million and the lowest estimate coming in at $47.50 million. QCR posted sales of $41.51 million in the same quarter last year, which suggests a positive year over year growth rate of 17.4%. The firm is scheduled to issue its next earnings report on Thursday, February 7th.

According to Zacks, analysts expect that QCR will report full-year sales of $179.94 million for the current financial year, with estimates ranging from $176.56 million to $183.40 million. For the next year, analysts anticipate that the company will post sales of $200.27 million, with estimates ranging from $196.90 million to $204.50 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover QCR.

QCR (NASDAQ:QCRH) last announced its earnings results 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 company 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%.

QCRH has been the topic of a number of research analyst reports. ValuEngine upgraded QCR from a “sell” rating to a “hold” rating in a report on Friday, September 7th. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a report on Friday, October 19th. Finally, Raymond James lowered their price target on QCR from $49.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.83.

In other news, CEO Thomas D. Budd sold 824 shares of QCR 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 transaction, the chief executive officer now owns 2,116 shares in the company, valued at $90,988. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.80% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Northern Trust Corp grew its stake in QCR by 2.4% in the first quarter. Northern Trust Corp now owns 156,834 shares of the bank’s stock valued at $7,035,000 after purchasing an additional 3,744 shares in the last quarter. BlackRock Inc. grew its stake in QCR by 7.0% in the first quarter. BlackRock Inc. now owns 1,043,060 shares of the bank’s stock valued at $46,782,000 after purchasing an additional 68,531 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in QCR by 24.7% in the first quarter. Dimensional Fund Advisors LP now owns 366,810 shares of the bank’s stock valued at $16,452,000 after purchasing an additional 72,619 shares in the last quarter. A.R.T. Advisors LLC purchased a new position in QCR in the first quarter valued at about $239,000. Finally, Barclays PLC grew its stake in QCR by 82.8% in the first quarter. Barclays PLC now owns 3,514 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,592 shares in the last quarter. Institutional investors and hedge funds own 57.36% of the company’s stock.

Shares of QCR stock traded down $0.46 on Friday, reaching $37.37. 40,131 shares of the company were exchanged, compared to its average volume of 38,328. The firm has a market capitalization of $589.77 million, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. 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 fifty-two week low of $34.25 and a fifty-two week high of $49.60.

About QCR

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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