Wall Street brokerages predict that QCR Holdings, Inc. (NASDAQ:QCRH) will post $50.76 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for QCR’s earnings. The lowest sales estimate is $50.04 million and the highest is $51.71 million. QCR posted sales of $41.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 23.8%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, July 23rd.

According to Zacks, analysts expect that QCR will report full-year sales of $205.52 million for the current year, with estimates ranging from $202.19 million to $209.08 million. For the next year, analysts forecast that the company will post sales of $219.12 million, with estimates ranging from $216.74 million to $222.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for QCR.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, April 24th. The bank reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.01). QCR had a return on equity of 10.92% and a net margin of 18.92%. The business had revenue of $48.90 million for the quarter, compared to analysts’ expectations of $50.20 million.

Several analysts have weighed in on QCRH shares. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Maxim Group reduced their target price on SVB Financial Group to $325.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. ValuEngine upgraded USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.50.

Several institutional investors have recently added to or reduced their stakes in QCRH. Dimensional Fund Advisors LP grew its stake in shares of QCR by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock valued at $17,528,000 after buying an additional 35,714 shares in the last quarter. Millennium Management LLC grew its stake in shares of QCR by 30.1% in the fourth quarter. Millennium Management LLC now owns 84,629 shares of the bank’s stock valued at $2,716,000 after buying an additional 19,598 shares in the last quarter. Foresters Investment Management Company Inc. grew its stake in shares of QCR by 14.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 138,400 shares of the bank’s stock valued at $4,441,000 after buying an additional 17,500 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in shares of QCR by 7.3% in the first quarter. Kennedy Capital Management Inc. now owns 244,984 shares of the bank’s stock valued at $8,310,000 after buying an additional 16,726 shares in the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of QCR by 53.3% in the first quarter. Martingale Asset Management L P now owns 36,808 shares of the bank’s stock valued at $1,250,000 after buying an additional 12,800 shares in the last quarter. Institutional investors own 58.79% of the company’s stock.

Shares of QCR stock traded up $0.21 during trading hours on Friday, hitting $33.92. 48,876 shares of the company were exchanged, compared to its average volume of 48,012. The firm has a 50-day simple moving average of $33.86. QCR has a 1 year low of $30.15 and a 1 year high of $48.10. The firm has a market capitalization of $534.51 million, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.55.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 21st were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%. QCR’s dividend payout ratio (DPR) is 7.79%.

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.

Further Reading: Price to Earnings Ratio (PE)

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Earnings History and Estimates for QCR (NASDAQ:QCRH)

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