QCR Holdings, Inc. (NASDAQ:QCRH) Expected to Post Earnings of $0.88 Per Share

Brokerages expect QCR Holdings, Inc. (NASDAQ:QCRH) to announce earnings of $0.88 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for QCR’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.71. QCR reported earnings of $1.00 per share in the same quarter last year, which would indicate a negative year over year growth rate of 12%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 28th.

On average, analysts expect that QCR will report full-year earnings of $3.47 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.67. For the next year, analysts anticipate that the business will report earnings of $3.04 per share, with EPS estimates ranging from $2.33 to $3.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow QCR.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Monday, July 27th. The bank reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.22. QCR had a return on equity of 10.74% and a net margin of 18.59%. The business had revenue of $69.57 million for the quarter, compared to analyst estimates of $54.81 million.

A number of research analysts have recently issued reports on QCRH shares. BidaskClub lowered QCR from a “sell” rating to a “strong sell” rating in a report on Friday, June 26th. ValuEngine upgraded QCR from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.33.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new position in shares of QCR during the 2nd quarter valued at $37,000. Beese Fulmer Investment Management Inc. acquired a new stake in QCR during the second quarter valued at $89,000. Meeder Asset Management Inc. raised its holdings in QCR by 25.3% during the first quarter. Meeder Asset Management Inc. now owns 3,839 shares of the bank’s stock valued at $104,000 after buying an additional 775 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of QCR in the first quarter worth about $121,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of QCR by 164.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,620 shares of the bank’s stock worth $125,000 after purchasing an additional 2,870 shares during the period. Hedge funds and other institutional investors own 64.13% of the company’s stock.

QCR stock traded down $0.68 during midday trading on Thursday, reaching $26.35. 617 shares of the stock traded hands, compared to its average volume of 55,795. The company has a 50-day simple moving average of $30.53 and a two-hundred day simple moving average of $29.48. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The firm has a market cap of $426.86 million, a PE ratio of 7.74 and a beta of 1.09. QCR has a 12-month low of $22.39 and a 12-month high of $44.76.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Friday, September 18th 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 0.91%. The ex-dividend date is Thursday, September 17th. QCR’s payout ratio is 6.56%.

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 and Estimates for QCR (NASDAQ:QCRH)

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