Equities research analysts forecast that QCR Holdings, Inc. (NASDAQ: QCRH – Get Rating) will post sales of $ 81.77 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for QCR’s earnings. The highest sales estimate is $ 83.00 million and the lowest is $ 80.70 million. QCR reported sales of $ 62.81 million in the same quarter last year, which indicates a positive year over year growth rate of 30.2%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that QCR will report full-year sales of $ 314.73 million for the current financial year, with estimates ranging from $ 309.00 million to $ 322.00 million. For the next financial year, analysts anticipate that the business will post sales of $ 361.57 million, with estimates ranging from $ 356.40 million to $ 369.00 million. Zacks’ sales calculations are an average based on a survey of analysts that provide coverage for QCR.
QCR (NASDAQ: QCRH – Get Rating) last released its earnings results on Tuesday, April 26th. The bank reported $ 1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.52 by $ 0.02. QCR had a net margin of 35.29% and a return on equity of 16.12%. During the same period in the prior year, the business earned $ 1.16 earnings per share.
Several equities research analysts have issued reports on QCRH shares. Piper Sandler boosted their price objective on shares of QCR from $ 72.00 to $ 77.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 5th. Zacks Investment Research downgraded shares of QCR from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, StockNews.com downgraded shares of QCR from a “buy” rating to a “hold” rating in a research note on Friday, April 29th.
QCRH opened at $ 52.07 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.66. QCR has a 52-week low of $ 44.75 and a 52-week high of $ 62.34. The company has a 50-day moving average of $ 55.61 and a two-hundred day moving average of $ 56.47. The company has a market cap of $ 919.04 million, a P / E ratio of 7.91 and a beta of 1.02.
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Friday, March 18th were paid a $ 0.06 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $ 0.24 annualized dividend and a dividend yield of 0.46%. QCR’s dividend payout ratio (DPR) is presently 3.65%.
Several hedge funds have recently made changes to their positions in the company. Wakefield Asset Management LLLP boosted its stake in shares of QCR by 1.4% in the first quarter. Wakefield Asset Management LLLP now owns 16,112 shares of the bank’s stock valued at $ 912,000 after purchasing an additional 215 shares during the period. BKD Wealth Advisors LLC raised its holdings in QCR by 2.5% in the first quarter. BKD Wealth Advisors LLC now owns 8,988 shares of the bank’s stock valued at $ 509,000 after acquiring an additional 221 shares in the last quarter. Morgan Stanley raised its holdings in QCR by 3.6% in the second quarter. Morgan Stanley now owns 7,163 shares of the bank’s stock valued at $ 344,000 after acquiring an additional 252 shares in the last quarter. Voya Investment Management LLC raised its holdings in QCR by 1.9% in the third quarter. Voya Investment Management LLC now owns 15,614 shares of the bank’s stock valued at $ 803,000 after acquiring an additional 289 shares in the last quarter. Finally, Strs Ohio raised its holdings in QCR by 2.3% in the first quarter. Strs Ohio now owns 13,200 shares of the bank’s stock valued at $ 746,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.
QCR Company Profile (Get Rating)
QCR Holdings, Inc., a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. Its deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. The company also provides various commercial and retail lending / leasing, and investment services to corporations, partnerships, individuals, and government agencies.
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