QCR Holdings (NASDAQ:QCRH) – Investment analysts at Piper Jaffray boosted their Q3 2018 earnings per share (EPS) estimates for QCR in a note issued to investors on Wednesday, April 18th. Piper Jaffray analyst N. Race now expects that the bank will post earnings of $0.90 per share for the quarter, up from their previous estimate of $0.85. Piper Jaffray has a “Buy” rating and a $52.00 price objective on the stock. Piper Jaffray also issued estimates for QCR’s Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.40 EPS, Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $0.96 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.08 EPS and FY2019 earnings at $3.99 EPS.
A number of other research firms have also issued reports on QCRH. ValuEngine upgraded QCR from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. BidaskClub lowered QCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Maxim Group reiterated a “buy” rating and issued a $53.00 price objective on shares of QCR in a research report on Friday, February 2nd. Finally, Stephens set a $53.00 price objective on QCR and gave the stock a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.60.
QCR (NASDAQ:QCRH) last announced its earnings results on Thursday, February 1st. The bank reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $39.74 million. QCR had a return on equity of 11.82% and a net margin of 21.13%.
A number of institutional investors have recently bought and sold shares of QCRH. MetLife Investment Advisors LLC purchased a new position in shares of QCR during the fourth quarter worth about $249,000. TIAA CREF Investment Management LLC grew its holdings in shares of QCR by 11.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 52,409 shares of the bank’s stock worth $2,246,000 after purchasing an additional 5,472 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of QCR by 64.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 25,790 shares of the bank’s stock worth $1,105,000 after purchasing an additional 10,137 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of QCR during the fourth quarter worth about $232,000. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of QCR during the fourth quarter worth about $275,000. Institutional investors own 61.07% of the company’s stock.
In other QCR news, CEO Douglas M. Hultquist sold 2,014 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $44.33, for a total value of $89,280.62. Following the sale, the chief executive officer now directly owns 77,404 shares in the company, valued at $3,431,319.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas M. Hultquist sold 2,057 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $44.50, for a total value of $91,536.50. Following the completion of the sale, the chief executive officer now owns 76,347 shares in the company, valued at $3,397,441.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,107 shares of company stock worth $270,198. 8.80% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Friday, March 16th were paid a $0.06 dividend. This is a boost from QCR’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Thursday, March 15th. QCR’s dividend payout ratio (DPR) is presently 9.02%.
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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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