Equities analysts forecast that QCR Holdings, Inc. (NASDAQ:QCRH) will post $48.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for QCR’s earnings, with estimates ranging from $47.50 million to $50.00 million. QCR posted sales of $41.51 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The company is expected to report its next quarterly earnings report on Thursday, February 7th.
According to Zacks, analysts expect that QCR will report full year sales of $179.94 million for the current year, with estimates ranging from $176.56 million to $183.40 million. For the next fiscal year, analysts anticipate that the business will post sales of $200.27 million, with estimates ranging from $196.90 million to $204.50 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for QCR.
QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Monday, October 29th. The bank reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.22). QCR had a return on equity of 10.87% and a net margin of 19.46%. The firm had revenue of $47.12 million during the quarter, compared to the consensus estimate of $45.06 million.
In other news, CEO Thomas D. Budd sold 824 shares of the stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total value of $35,432.00. Following the completion of the transaction, the chief executive officer now directly owns 2,116 shares of the company’s stock, valued at approximately $90,988. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System acquired a new stake in QCR during the 2nd quarter valued at $206,000. Summit X LLC acquired a new stake in QCR during the 3rd quarter valued at $250,000. Macquarie Group Ltd. increased its holdings in QCR by 148.8% during the 2nd quarter. Macquarie Group Ltd. now owns 5,350 shares of the bank’s stock valued at $254,000 after purchasing an additional 3,200 shares in the last quarter. CWM LLC acquired a new stake in QCR during the 2nd quarter valued at $254,000. Finally, Hartford Investment Management Co. acquired a new stake in QCR during the 2nd quarter valued at $269,000. 55.44% of the stock is owned by hedge funds and other institutional investors.
Shares of QCRH stock traded up $0.07 during mid-day trading on Monday, reaching $36.85. The stock had a trading volume of 41,194 shares, compared to its average volume of 25,177. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.03. QCR has a one year low of $34.25 and a one year high of $49.60. The company has a market capitalization of $576.48 million, a P/E ratio of 13.85, a P/E/G ratio of 1.21 and a beta of 0.50.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 21st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. QCR’s payout ratio is presently 9.02%.
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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