QCR (NASDAQ:QCRH) Announces Earnings Results, Beats Expectations By $0.25 EPS

QCR (NASDAQ:QCRH) posted its quarterly earnings data on Tuesday. The bank reported $2.21 EPS for the quarter, topping the consensus estimate of $1.96 by $0.25, FiscalAI reports. QCR had a net margin of 20.64% and a return on equity of 12.04%.

QCR Stock Up 1.2%

Shares of QCRH stock traded up $1.06 on Tuesday, hitting $88.23. The stock had a trading volume of 66,214 shares, compared to its average volume of 72,809. QCR has a one year low of $60.83 and a one year high of $91.40. The business has a 50 day moving average price of $84.28 and a 200 day moving average price of $78.39. The company has a market cap of $1.49 billion, a PE ratio of 12.32 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, December 23rd. QCR’s payout ratio is presently 3.35%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCRH. DA Davidson restated a “neutral” rating and issued a $83.00 target price on shares of QCR in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of QCR in a research note on Monday, December 29th. Zacks Research cut QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Piper Sandler raised their price target on QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $88.00 price objective (up previously from $85.00) on shares of QCR in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Institutional Investors Weigh In On QCR

Several large investors have recently modified their holdings of QCRH. Quadrant Capital Group LLC acquired a new stake in QCR in the third quarter valued at approximately $72,000. Russell Investments Group Ltd. purchased a new stake in shares of QCR during the 3rd quarter valued at $104,000. CIBC Bancorp USA Inc. acquired a new stake in shares of QCR in the 3rd quarter worth $218,000. Inceptionr LLC acquired a new stake in shares of QCR in the 3rd quarter worth $242,000. Finally, Jump Financial LLC purchased a new position in QCR during the 2nd quarter worth $267,000. Institutional investors own 70.01% of the company’s stock.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.