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

QCR (NASDAQ:QCRH) posted its earnings results on Wednesday. The bank reported $1.78 earnings per share (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 company had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. During the same period last year, the firm earned $1.51 earnings per share.

QCR Stock Up 0.6 %

QCRH stock opened at $78.66 on Friday. QCR has a fifty-two week low of $45.83 and a fifty-two week high of $82.00. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.72 and a beta of 0.94. The business’s 50 day moving average price is $75.48 and its two-hundred day moving average price is $66.09. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were given a dividend of $0.06 per share. 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 payout ratio is 3.58%.

Analysts Set New Price Targets

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

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.