QCR (NASDAQ:QCRH) Releases Earnings Results, Beats Estimates By $0.27 EPS

QCR (NASDAQ:QCRH) issued its earnings results on Tuesday. The bank reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.27, Zacks reports. QCR had a return on equity of 13.47% and a net margin of 19.92%. The company had revenue of $141.91 million for the quarter, compared to analyst estimates of $82.83 million. During the same period in the prior year, the firm earned $1.65 earnings per share.

QCR Trading Up 0.4 %

Shares of QCR stock opened at $58.57 on Thursday. QCR has a 1 year low of $35.14 and a 1 year high of $62.94. The firm has a market cap of $983.98 million, a PE ratio of 8.73 and a beta of 0.95. The stock has a fifty day moving average price of $57.21 and a 200-day moving average price of $55.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 14th. QCR’s dividend payout ratio is presently 3.58%.

Analyst Ratings Changes

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

Insider Transactions at QCR

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

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.