QCR (NASDAQ:QCRH) Issues Earnings Results, Beats Estimates By $0.25 EPS

QCR (NASDAQ:QCRH) issued its quarterly earnings results on Tuesday. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25, FiscalAI reports. QCR had a return on equity of 12.04% and a net margin of 20.64%.

QCR Trading Up 1.1%

QCRH traded up $0.96 during trading hours on Tuesday, reaching $88.13. The company’s stock had a trading volume of 82,433 shares, compared to its average volume of 72,965. The stock has a market cap of $1.48 billion, a PE ratio of 12.31 and a beta of 0.82. QCR has a fifty-two week low of $60.83 and a fifty-two week high of $91.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day moving average is $84.28 and its 200-day moving average is $78.39.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a $0.06 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. QCR’s dividend payout ratio is currently 3.35%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in QCR by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock valued at $694,000 after purchasing an additional 403 shares during the period. AQR Capital Management LLC grew its stake in shares of QCR by 20.7% in the first quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock valued at $2,744,000 after buying an additional 6,607 shares in the last quarter. Comerica Bank lifted its holdings in QCR by 5.8% during the 3rd quarter. Comerica Bank now owns 8,107 shares of the bank’s stock worth $613,000 after buying an additional 446 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of QCR by 38.1% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,837 shares of the bank’s stock worth $593,000 after acquiring an additional 2,161 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of QCR in the 2nd quarter valued at approximately $506,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of QCR in a report on Monday, December 29th. Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. DA Davidson restated a “neutral” rating and set a $83.00 price objective on shares of QCR in a research report on Thursday, October 9th. Piper Sandler lifted their price target on QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of QCR in a research note on Monday, October 27th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.