Equities analysts expect QCR Holdings, Inc. (NASDAQ:QCRH) to post sales of $72.90 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for QCR’s earnings. The lowest sales estimate is $71.80 million and the highest is $75.00 million. QCR posted sales of $82.54 million during the same quarter last year, which suggests a negative year over year growth rate of 11.7%. The firm is expected to report its next earnings results after the market closes on Wednesday, October 27th.
According to Zacks, analysts expect that QCR will report full-year sales of $273.10 million for the current year, with estimates ranging from $269.90 million to $279.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $270.97 million, with estimates ranging from $261.30 million to $289.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow QCR.
QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Sunday, July 25th. The bank reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. QCR had a return on equity of 12.96% and a net margin of 24.50%. The firm had revenue of $62.81 million during the quarter, compared to analyst estimates of $67.63 million.
Shares of QCRH traded up $0.16 during midday trading on Wednesday, reaching $51.84. 38,851 shares of the stock were exchanged, compared to its average volume of 58,097. QCR has a 12-month low of $27.66 and a 12-month high of $53.35. The firm has a 50 day simple moving average of $50.86 and a 200-day simple moving average of $48.80. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.30. The company has a market cap of $817.46 million, a price-to-earnings ratio of 10.94 and a beta of 1.17.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 6th. Shareholders of record on Friday, September 17th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, September 16th. This represents a $0.24 annualized dividend and a yield of 0.46%. QCR’s payout ratio is 6.06%.
Hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased 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 purchasing an additional 252 shares during the last quarter. Royal Bank of Canada increased its holdings in QCR by 32.2% in the first quarter. Royal Bank of Canada now owns 1,961 shares of the bank’s stock valued at $92,000 after purchasing an additional 478 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in QCR by 10.9% in the second quarter. Parametric Portfolio Associates LLC now owns 5,026 shares of the bank’s stock valued at $242,000 after purchasing an additional 492 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in QCR by 10.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 5,457 shares of the bank’s stock valued at $262,000 after purchasing an additional 494 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in QCR by 0.4% in the second quarter. Stifel Financial Corp now owns 120,090 shares of the bank’s stock valued at $5,775,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 68.57% of the company’s stock.
QCR Company Profile
QCR Holdings, Inc operates as a multi-bank holding company which engages in the provision of commercial banking services. It operates through the following segments: Commercial Banking, Wealth Management and All Other. The Commercial Banking segment comprises of the firm’s subsidiary banks namely Quad City Bank & Trust Co, Cedar Rapids Bank & Trust Co, Community State Bank, and Rockford Bank & Trust Co The Wealth Management segment represents the trust and asset management and investment management and advisory services.
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