QCR Holdings, Inc. (QCRH) Expected to Announce Earnings of $0.68 Per Share
Wall Street analysts expect that QCR Holdings, Inc. (NASDAQ:QCRH) will report earnings per share of $0.68 for the current quarter, Zacks reports. Three analysts have provided estimates for QCR Holdings’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.70. QCR Holdings posted earnings of $0.46 per share in the same quarter last year, which indicates a positive year over year growth rate of 47.8%. The business is expected to issue its next earnings report 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 year, with EPS estimates ranging from $2.67 to $2.77. For the next year, analysts forecast that the business will report earnings of $3.04 per share, with EPS estimates ranging from $2.84 to $3.15. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow QCR Holdings.
QCR Holdings (NASDAQ:QCRH) last released its earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.01. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. The business had revenue of $34.83 million for the quarter, compared to analysts’ expectations of $36.49 million.
Several equities research analysts recently issued reports on the company. BidaskClub downgraded QCR Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine raised QCR Holdings from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Keefe, Bruyette & Woods set a $52.00 price objective on QCR Holdings and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, Maxim Group reissued a “buy” rating and issued a $53.00 price objective on shares of QCR Holdings in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $47.00.
In related news, EVP Cathie Whiteside sold 2,675 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.95, for a total value of $122,916.25. Following the completion of the sale, the executive vice president now directly owns 12,255 shares of the company’s stock, valued at approximately $563,117.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 8,052 shares of company stock valued at $370,937. Company insiders own 8.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. raised its position in shares of QCR Holdings by 22.0% in the second quarter. Prudential Financial Inc. now owns 52,210 shares of the bank’s stock valued at $2,475,000 after buying an additional 9,410 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of QCR Holdings by 24.5% in the second quarter. Federated Investors Inc. PA now owns 31,016 shares of the bank’s stock valued at $1,470,000 after buying an additional 6,103 shares during the last quarter. Comerica Bank purchased a new position in shares of QCR Holdings during the second quarter valued at $397,000. Bank of New York Mellon Corp raised its position in shares of QCR Holdings by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 67,856 shares of the bank’s stock valued at $3,217,000 after buying an additional 3,545 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of QCR Holdings by 9.7% in the second quarter. Rhumbline Advisers now owns 13,478 shares of the bank’s stock valued at $639,000 after buying an additional 1,196 shares during the last quarter. 62.07% of the stock is currently owned by institutional investors.
QCR Holdings (NASDAQ QCRH) traded up 0.11% during midday trading on Wednesday, hitting $43.95. 11,299 shares of the stock were exchanged. QCR Holdings has a one year low of $28.70 and a one year high of $50.00. The stock has a market cap of $579.31 million, a P/E ratio of 18.08 and a beta of 0.61. The firm has a 50-day moving average price of $45.93 and a 200-day moving average price of $44.80.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Friday, September 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, September 14th. QCR Holdings’s dividend payout ratio is currently 8.23%.
QCR Holdings Company Profile
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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