QCR (NASDAQ:QCRH) Issues Quarterly Earnings Results

QCR (NASDAQ:QCRH) released its earnings results on Tuesday. The bank reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.27, Zacks reports. QCR had a net margin of 20.80% and a return on equity of 13.78%. The company had revenue of $141.91 million for the quarter, compared to the consensus estimate of $82.83 million. During the same period in the prior year, the company posted $1.65 EPS.

QCR Stock Performance

Shares of QCRH traded down $1.29 during trading hours on Wednesday, hitting $57.07. The stock had a trading volume of 9,569 shares, compared to its average volume of 54,481. The stock has a fifty day moving average price of $57.15 and a 200 day moving average price of $55.09. QCR has a 12 month low of $35.14 and a 12 month high of $62.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $958.78 million, a PE ratio of 8.53 and a beta of 0.95.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Thursday, March 14th. QCR’s payout ratio is 3.57%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on QCR from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Raymond James boosted their price objective on QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Piper Sandler upped their price target on QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th.

Insider Activity

In related news, CEO Larry J. Helling acquired 1,000 shares of QCR stock in a transaction on Monday, February 5th. The shares were bought at an average cost of $56.00 per share, with a total value of $56,000.00. Following the completion of the purchase, the chief executive officer now directly owns 36,601 shares of the company’s stock, valued at approximately $2,049,656. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Larry J. Helling bought 1,000 shares of the stock in a transaction on Monday, February 5th. The stock was bought at an average price of $56.00 per share, for a total transaction of $56,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,601 shares in the company, valued at $2,049,656. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd A. Gipple sold 6,791 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $61.00, for a total value of $414,251.00. Following the sale, the chief financial officer now owns 40,043 shares of the company’s stock, valued at approximately $2,442,623. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

QCR Company Profile

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.