Zacks: Analysts Anticipate QCR Holdings, Inc. (QCRH) to Post $0.81 EPS

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Analysts expect that QCR Holdings, Inc. (NASDAQ:QCRH) will report earnings of $0.81 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for QCR’s earnings, with the highest EPS estimate coming in at $0.87 and the lowest estimate coming in at $0.73. QCR posted earnings of $0.70 per share in the same quarter last year, which indicates a positive year over year growth rate of 15.7%. The firm is expected to announce its next earnings report on Thursday, February 7th.

On average, analysts expect that QCR will report full year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $2.90 to $3.13. For the next year, analysts expect that the company will post earnings of $3.61 per share, with EPS estimates ranging from $3.45 to $3.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow QCR.

QCR (NASDAQ:QCRH) last announced its earnings results on Monday, October 29th. The bank reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.22). The business had revenue of $47.12 million for 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%.

A number of equities analysts recently commented on QCRH shares. ValuEngine upgraded QCR from a “sell” rating to a “hold” rating in a report on Friday, September 7th. BidaskClub downgraded QCR from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $52.00 target price on shares of QCR in a report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. QCR has an average rating of “Buy” and a consensus price target of $50.83.

In other QCR news, CEO Thomas D. Budd sold 824 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total value of $35,432.00. Following the completion of the transaction, the chief executive officer now owns 2,116 shares in the company, valued at $90,988. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in QCR by 82.8% in the first quarter. Barclays PLC now owns 3,514 shares of the bank’s stock worth $158,000 after purchasing an additional 1,592 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in QCR in the second quarter worth $206,000. A.R.T. Advisors LLC bought a new position in QCR in the first quarter worth $239,000. CWM LLC bought a new position in QCR in the second quarter worth $254,000. Finally, Macquarie Group Ltd. raised its holdings in QCR by 148.8% in the second quarter. Macquarie Group Ltd. now owns 5,350 shares of the bank’s stock worth $254,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 56.99% of the company’s stock.

Shares of QCR stock traded up $0.64 during midday trading on Thursday, reaching $37.07. 1,705 shares of the company’s stock traded hands, compared to its average volume of 36,496. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.98. The company has a market cap of $558.75 million, a PE ratio of 13.96, a P/E/G ratio of 1.15 and a beta of 0.40. QCR has a 12 month low of $34.25 and a 12 month high of $49.60.

The company also recently disclosed 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 of this dividend was Thursday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. QCR’s dividend payout ratio (DPR) is 9.02%.

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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