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

Analysts predict that QCR Holdings, Inc. (NASDAQ:QCRH) will report earnings of $0.88 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for QCR’s earnings. The lowest EPS estimate is $0.87 and the highest is $0.89. QCR posted earnings per share of $0.70 in the same quarter last year, which suggests a positive year-over-year growth rate of 25.7%. The business is expected to issue its next earnings results on Thursday, February 7th.

On average, analysts expect that QCR will report full-year earnings of $3.05 per share for the current year, with EPS estimates ranging from $3.03 to $3.09. For the next financial year, analysts forecast that the business will report earnings of $3.67 per share, with EPS estimates ranging from $3.60 to $3.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover QCR.

QCR (NASDAQ:QCRH) last issued its earnings results on Monday, October 29th. The bank reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.22). QCR had a return on equity of 11.59% and a net margin of 19.46%. The business had revenue of $47.12 million during the quarter, compared to analysts’ expectations of $45.06 million.

Several equities research analysts have recently commented on QCRH shares. ValuEngine lowered shares of QCR from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. BidaskClub lowered shares of QCR from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Piper Jaffray Companies set a $45.00 price target on shares of QCR and gave the company a “buy” rating in a research report on Thursday, November 1st. Finally, Raymond James reduced their price target on shares of QCR from $49.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.83.

NASDAQ:QCRH traded up $0.18 during mid-day trading on Thursday, reaching $37.83. The company’s stock had a trading volume of 18,300 shares, compared to its average volume of 48,795. QCR has a 12-month low of $34.25 and a 12-month high of $49.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $589.77 million, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.24 and a beta of 0.50.

In other news, CEO Thomas D. Budd sold 824 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction 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 approximately $90,988. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Systematic Financial Management LP increased its position in shares of QCR by 30.0% during the 3rd quarter. Systematic Financial Management LP now owns 31,400 shares of the bank’s stock valued at $1,283,000 after purchasing an additional 7,250 shares during the last quarter. Commerce Bank purchased a new stake in QCR in the 3rd quarter worth approximately $2,281,000. Summit X LLC purchased a new stake in QCR in the 3rd quarter worth approximately $250,000. Victory Capital Management Inc. purchased a new stake in QCR in the 3rd quarter worth approximately $1,283,000. Finally, Assenagon Asset Management S.A. purchased a new stake in QCR in the 3rd quarter worth approximately $1,786,000. 57.36% of the stock is owned by hedge funds and other institutional investors.

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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