QCR (NASDAQ:QCRH) Issues Quarterly Earnings Results

QCR (NASDAQ:QCRH) posted its earnings results on Tuesday. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.27, Zacks reports. QCR had a net margin of 19.92% and a return on equity of 13.47%. The business 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 company posted $1.65 EPS.

QCR Stock Performance

Shares of NASDAQ:QCRH traded up $0.28 during trading on Friday, reaching $57.82. The stock had a trading volume of 5,175 shares, compared to its average volume of 54,961. QCR has a 52 week low of $35.14 and a 52 week high of $62.94. The stock has a fifty day simple moving average of $57.19 and a two-hundred day simple moving average of $55.13. The firm has a market capitalization of $971.38 million, a price-to-earnings ratio of 8.58 and a beta of 0.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.81.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Thursday, March 14th. QCR’s dividend payout ratio (DPR) is presently 3.58%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Larry J. Helling bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average price of $56.00 per share, with a total value of $56,000.00. Following the completion of the transaction, the chief executive officer now owns 36,601 shares of the company’s stock, valued at approximately $2,049,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by 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.