Equities analysts forecast that QCR Holdings, Inc. (NASDAQ:QCRH) will post sales of $49.52 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for QCR’s earnings, with the lowest sales estimate coming in at $48.40 million and the highest estimate coming in at $50.87 million. QCR posted sales of $40.94 million during the same quarter last year, which would indicate a positive year over year growth rate of 21%. The firm is scheduled to issue its next earnings results on Wednesday, April 17th.
According to Zacks, analysts expect that QCR will report full-year sales of $204.73 million for the current year, with estimates ranging from $202.00 million to $207.90 million. For the next financial year, analysts forecast that the business will report sales of $218.40 million, with estimates ranging from $212.80 million to $222.50 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover QCR.
QCR (NASDAQ:QCRH) last posted its earnings results on Thursday, January 24th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. QCR had a net margin of 19.21% and a return on equity of 11.18%. The firm had revenue of $54.87 million during the quarter, compared to analyst estimates of $48.73 million.
Several analysts have recently issued reports on QCRH shares. Maxim Group reiterated a “buy” rating and issued a $43.00 target price on shares of QCR in a research note on Monday, January 28th. BidaskClub upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. ValuEngine lowered shares of QCR from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research lowered shares of QCR from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.00.
Shares of NASDAQ QCRH traded down $1.30 during trading on Thursday, hitting $32.35. The stock had a trading volume of 68,757 shares, compared to its average volume of 29,938. QCR has a 12 month low of $30.15 and a 12 month high of $49.60. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 1.01. The firm has a market cap of $509.16 million, a price-to-earnings ratio of 10.50, a PEG ratio of 0.92 and a beta of 0.73.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be paid a $0.06 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. QCR’s payout ratio is 7.79%.
In related news, CEO John H. Anderson sold 3,069 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $34.20, for a total transaction of $104,959.80. Following the completion of the transaction, the chief executive officer now owns 4,285 shares in the company, valued at $146,547. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 8.80% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in QCR by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 154,968 shares of the bank’s stock valued at $4,972,000 after purchasing an additional 10,970 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of QCR by 7.0% during the fourth 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 in the last quarter. Context BH Capital Management LP raised its stake in shares of QCR by 2.3% during the fourth quarter. Context BH Capital Management LP now owns 22,153 shares of the bank’s stock worth $711,000 after acquiring an additional 500 shares in the last quarter. Millennium Management LLC raised its stake in shares of QCR by 30.1% during the fourth quarter. Millennium Management LLC now owns 84,629 shares of the bank’s stock worth $2,716,000 after acquiring an additional 19,598 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of QCR by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 122,492 shares of the bank’s stock worth $3,930,000 after acquiring an additional 769 shares in the last quarter. Institutional investors own 58.29% of the company’s stock.
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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