QCR (QCRH) Announces Earnings Results

QCR (NASDAQ:QCRH) issued its earnings results on Monday. The bank reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.22), MarketWatch Earnings reports. QCR had a net margin of 20.84% and a return on equity of 11.54%. The firm had revenue of $47.12 million during the quarter, compared to analysts’ expectations of $45.06 million.

Shares of NASDAQ:QCRH traded down $0.81 on Tuesday, reaching $35.19. The company had a trading volume of 600 shares, compared to its average volume of 35,423. QCR has a twelve month low of $34.25 and a twelve month high of $49.60. The stock has a market capitalization of $546.84 million, a P/E ratio of 13.41, a P/E/G ratio of 1.12 and a beta of 0.40. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.97 and a quick ratio of 0.97.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 21st were paid 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 0.68%. QCR’s dividend payout ratio (DPR) is currently 9.02%.

A number of research analysts have commented on QCRH shares. Piper Jaffray Companies restated a “buy” rating and issued a $52.00 target price on shares of QCR in a research note on Monday, July 23rd. ValuEngine upgraded QCR from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Finally, BidaskClub downgraded QCR from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. QCR has a consensus rating of “Hold” and an average target price of $53.60.

In other QCR news, CEO Thomas D. Budd sold 824 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,116 shares of the company’s stock, valued at $90,988. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.80% of the stock is owned by insiders.

QCR Company Profile

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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