QCR (NASDAQ:QCRH) Issues Quarterly Earnings Results

QCR (NASDAQ:QCRH) announced its quarterly earnings results on Tuesday. The bank reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12, FiscalAI reports. The firm had revenue of $99.17 million during the quarter, compared to analysts’ expectations of $108.97 million. QCR had a net margin of 22.86% and a return on equity of 12.87%.

QCR Price Performance

NASDAQ:QCRH traded up $2.01 during trading hours on Tuesday, hitting $99.49. The company’s stock had a trading volume of 182,088 shares, compared to its average volume of 111,676. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $1.63 billion, a P/E ratio of 11.76 and a beta of 0.74. QCR has a twelve month low of $69.55 and a twelve month high of $108.11. The stock has a fifty day simple moving average of $100.78 and a 200-day simple moving average of $96.57.

QCR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Friday, September 18th were given a dividend of $0.15 per share. The ex-dividend date was Friday, September 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. This is an increase from QCR’s previous quarterly dividend of $0.10. QCR’s dividend payout ratio is currently 7.09%.

Wall Street Analyst Weigh In

QCRH has been the subject of a number of analyst reports. DA Davidson lifted their price objective on shares of QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Stephens assumed coverage on shares of QCR in a report on Friday, September 18th. They issued an “equal weight” rating and a $107.00 target price on the stock. Raymond James Financial started coverage on shares of QCR in a research note on Thursday, October 1st. They issued an “outperform” rating and a $110.00 target price for the company. Piper Sandler reiterated an “overweight” rating and issued a $123.00 target price (up from $107.00) on shares of QCR in a research note on Monday, July 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research report on Friday, October 2nd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.60.

QCR Company Profile

QCR Holdings, Inc is a bank holding company headquartered in Moline, Illinois. Through its community banking subsidiaries, the company provides financial services to businesses, professionals, individuals and institutions in selected Midwestern markets.

Its banking operations offer commercial and consumer lending, deposit accounts, treasury and cash-management services, mortgage lending, online and mobile banking, and other traditional banking products. The company also provides wealth management, trust, investment and related financial services through affiliated businesses.

QCR Holdings operates through banks including Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank and Springfield First Community Bank.