Equities research analysts expect QCR Holdings, Inc. (NASDAQ:QCRH) to post $42.28 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for QCR’s earnings, with the highest sales estimate coming in at $43.50 million and the lowest estimate coming in at $40.63 million. QCR posted sales of $34.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The business is expected to report its next quarterly earnings report on Thursday, July 19th.
On average, analysts expect that QCR will report full-year sales of $179.69 million for the current year, with estimates ranging from $173.84 million to $184.50 million. For the next fiscal year, analysts expect that the firm will post sales of $204.52 million per share, with estimates ranging from $200.20 million to $209.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow QCR.
QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, April 18th. The bank reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. QCR had a net margin of 21.13% and a return on equity of 11.45%. The firm had revenue of $40.94 million during the quarter, compared to the consensus estimate of $40.39 million.
In other QCR news, CEO John H. Anderson sold 3,697 shares of the stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $47.56, for a total transaction of $175,829.32. Following the completion of the transaction, the chief executive officer now owns 5,407 shares of the company’s stock, valued at approximately $257,156.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas M. Hultquist sold 2,057 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $44.50, for a total transaction of $91,536.50. Following the transaction, the chief executive officer now directly owns 76,347 shares of the company’s stock, valued at approximately $3,397,441.50. The disclosure for this sale can be found here. Insiders sold a total of 9,939 shares of company stock valued at $465,285 in the last ninety days. 8.80% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems bought a new position in shares of QCR during the 4th quarter valued at about $123,000. Barclays PLC boosted its holdings in shares of QCR by 82.8% during the 1st quarter. Barclays PLC now owns 3,514 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,592 shares during the last quarter. Busey Trust CO bought a new position in shares of QCR during the 1st quarter valued at about $202,000. Stone Ridge Asset Management LLC bought a new position in shares of QCR during the 4th quarter valued at about $232,000. Finally, Private Advisor Group LLC bought a new position in shares of QCR during the 1st quarter valued at about $239,000. 62.84% of the stock is owned by institutional investors and hedge funds.
Shares of QCRH stock traded up $0.10 during mid-day trading on Monday, reaching $47.85. 752 shares of the company’s stock traded hands, compared to its average volume of 50,687. QCR has a 12 month low of $39.85 and a 12 month high of $50.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $673.22 million, a price-to-earnings ratio of 17.88, a PEG ratio of 1.46 and a beta of 0.43.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Friday, June 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.50%. The ex-dividend date is Thursday, June 14th. QCR’s dividend payout ratio is currently 9.02%.
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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