QCR (NASDAQ:QCRH) Posts Earnings Results, Beats Expectations By $0.29 EPS

QCR (NASDAQ:QCRH) issued its quarterly earnings data on Wednesday. The bank reported $1.78 EPS for the quarter, topping the consensus estimate of $1.49 by $0.29, Yahoo Finance reports. QCR had a return on equity of 12.90% and a net margin of 19.37%. The business had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. During the same quarter last year, the business posted $1.51 EPS.

QCR Stock Up 0.6 %

NASDAQ QCRH traded up $0.50 on Friday, reaching $78.66. The company had a trading volume of 72,594 shares, compared to its average volume of 60,992. The company’s fifty day moving average is $75.35 and its 200-day moving average is $65.95. QCR has a 1-year low of $45.83 and a 1-year high of $82.00. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.55 and a beta of 0.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 13th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.24 annualized dividend and a yield of 0.31%. QCR’s dividend payout ratio is currently 3.58%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $82.00 price target (up previously from $70.00) on shares of QCR in a research report on Monday, July 29th.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.