QCR (QCRH) Releases Earnings Results, Misses Estimates By $0.22 EPS

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QCR (NASDAQ:QCRH) announced its quarterly earnings results on Monday. The bank reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.22), MarketWatch Earnings reports. The company had revenue of $47.12 million during the quarter, compared to the consensus estimate of $45.06 million. QCR had a net margin of 19.46% and a return on equity of 11.59%.

Shares of NASDAQ QCRH opened at $35.75 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $546.84 million, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.16 and a beta of 0.40. QCR has a 52-week low of $34.25 and a 52-week high of $49.60.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 21st were issued a $0.06 dividend. The ex-dividend date was Thursday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. QCR’s dividend payout ratio is currently 9.02%.

In other QCR news, CEO Thomas D. Budd sold 824 shares of QCR stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total value of $35,432.00. Following the sale, the chief executive officer now directly owns 2,116 shares in the company, valued at approximately $90,988. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.80% of the company’s stock.

QCRH has been the topic of a number of research reports. ValuEngine downgraded shares of QCR from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 price target on shares of QCR in a report on Monday, July 23rd. Finally, BidaskClub downgraded shares of QCR from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.60.

About QCR

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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Earnings History for QCR (NASDAQ:QCRH)

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