QCR Holdings, Inc. (NASDAQ:QCRH) Expected to Post Earnings of $0.79 Per Share

Wall Street analysts forecast that QCR Holdings, Inc. (NASDAQ:QCRH) will announce $0.79 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for QCR’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.75. QCR reported earnings of $0.77 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The firm is expected to announce its next quarterly earnings report on Thursday, July 18th.

On average, analysts expect that QCR will report full year earnings of $3.32 per share for the current fiscal year, with EPS estimates ranging from $3.22 to $3.40. For the next fiscal year, analysts anticipate that the company will report earnings of $3.61 per share, with EPS estimates ranging from $3.55 to $3.68. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow QCR.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). The company had revenue of $48.90 million during the quarter, compared to analyst estimates of $50.20 million. QCR had a net margin of 18.92% and a return on equity of 10.92%.

Several analysts recently issued reports on QCRH shares. Zacks Investment Research cut shares of QCR from a “hold” rating to a “sell” rating in a report on Wednesday, May 29th. ValuEngine cut shares of QCR from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. BidaskClub cut shares of QCR from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $38.00 price target (down from $43.00) on shares of QCR in a report on Monday, April 29th. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $41.50.

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of QCR by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock worth $17,528,000 after acquiring an additional 35,714 shares during the last quarter. Millennium Management LLC lifted its position in shares of QCR by 30.1% during the 4th quarter. Millennium Management LLC now owns 84,629 shares of the bank’s stock valued at $2,716,000 after acquiring an additional 19,598 shares during the period. Foresters Investment Management Company Inc. lifted its position in shares of QCR by 14.5% during the 4th quarter. Foresters Investment Management Company Inc. now owns 138,400 shares of the bank’s stock valued at $4,441,000 after acquiring an additional 17,500 shares during the period. Kennedy Capital Management Inc. lifted its position in shares of QCR by 7.3% during the 1st quarter. Kennedy Capital Management Inc. now owns 244,984 shares of the bank’s stock valued at $8,310,000 after acquiring an additional 16,726 shares during the period. Finally, Martingale Asset Management L P lifted its position in shares of QCR by 53.3% during the 1st quarter. Martingale Asset Management L P now owns 36,808 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 12,800 shares during the period. Hedge funds and other institutional investors own 58.79% of the company’s stock.

QCRH traded up $0.10 during trading on Wednesday, hitting $33.57. The company had a trading volume of 26,562 shares, compared to its average volume of 33,043. The company has a market cap of $529.00 million, a P/E ratio of 10.90, a PEG ratio of 1.00 and a beta of 0.73. The stock has a 50-day moving average of $33.68. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.55. QCR has a 1-year low of $30.15 and a 1-year high of $49.55.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.24 annualized dividend and a yield of 0.71%. QCR’s payout ratio is 7.79%.

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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