Wall Street analysts expect QCR Holdings, Inc. (NASDAQ:QCRH) to report sales of $42.28 million for the current quarter, Zacks reports. Four analysts have provided estimates for QCR’s earnings, with the lowest sales estimate coming in at $40.63 million and the highest estimate coming in at $43.50 million. QCR reported sales of $34.83 million in the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The company is expected to report its next quarterly earnings report on Thursday, July 19th.
On average, analysts expect that QCR will report full-year sales of $179.69 million for the current year, with estimates ranging from $173.84 million to $184.50 million. For the next financial year, analysts expect that the business will post sales of $204.52 million per share, with estimates ranging from $200.20 million to $209.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for QCR.
QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, April 18th. The bank reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. QCR had a return on equity of 11.45% and a net margin of 21.13%. The firm had revenue of $40.94 million for the quarter, compared to analyst estimates of $40.39 million.
In related news, CEO Larry J. Helling sold 1,500 shares of QCR stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $47.70, for a total value of $71,550.00. Following the sale, the chief executive officer now owns 11,004 shares of the company’s stock, valued at approximately $524,890.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas D. Budd sold 1,168 shares of QCR stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $46.50, for a total value of $54,312.00. Following the completion of the sale, the chief executive officer now directly owns 4,014 shares in the company, valued at approximately $186,651. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,939 shares of company stock worth $465,285. 8.80% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its position in QCR by 19.4% in the 4th quarter. Wells Fargo & Company MN now owns 23,790 shares of the bank’s stock valued at $1,019,000 after buying an additional 3,869 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in QCR in the 4th quarter valued at approximately $123,000. Allianz Asset Management GmbH raised its position in QCR by 4.2% in the 4th quarter. Allianz Asset Management GmbH now owns 37,114 shares of the bank’s stock valued at $1,591,000 after buying an additional 1,510 shares during the last quarter. BlackRock Inc. raised its position in QCR by 0.4% in the 4th quarter. BlackRock Inc. now owns 974,529 shares of the bank’s stock valued at $41,760,000 after buying an additional 4,155 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in QCR by 6.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 54,827 shares of the bank’s stock valued at $2,350,000 after buying an additional 3,382 shares during the last quarter. 62.84% of the stock is currently owned by institutional investors and hedge funds.
QCR traded up $0.10, hitting $47.85, during mid-day trading on Monday, MarketBeat.com reports. The company had a trading volume of 752 shares, compared to its average volume of 50,687. QCR has a fifty-two week low of $39.85 and a fifty-two week high of $50.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $673.22 million, a price-to-earnings ratio of 17.88, a PEG ratio of 1.46 and a beta of 0.43.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Friday, June 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, June 14th. QCR’s dividend payout ratio is currently 9.02%.
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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