QCR Holdings, Inc. (QCRH) Expected to Announce Quarterly Sales of $49.52 Million

Wall Street brokerages expect QCR Holdings, Inc. (NASDAQ:QCRH) to announce sales of $49.52 million for the current fiscal quarter, according to Zacks. 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 suggests a positive year-over-year growth rate of 21%. The company is expected to issue its next quarterly earnings report on Wednesday, April 17th.

On average, analysts expect that QCR will report full-year sales of $204.73 million for the current financial year, with estimates ranging from $202.00 million to $207.90 million. For the next financial year, analysts forecast that the firm will post sales of $218.40 million, with estimates ranging from $212.80 million to $222.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow QCR.

QCR (NASDAQ:QCRH) last announced its earnings results on Thursday, January 24th. The bank reported $0.91 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 business had revenue of $54.87 million during the quarter, compared to analysts’ expectations of $48.73 million.

QCRH has been the subject of several recent research reports. Maxim Group restated a “buy” rating and set a $43.00 target price on shares of QCR in a report on Monday, January 28th. BidaskClub upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. ValuEngine cut shares of QCR from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. Finally, Zacks Investment Research cut shares of QCR from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. QCR presently has an average rating of “Hold” and a consensus price target of $44.00.

In other QCR news, CEO John H. Anderson sold 3,069 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.20, for a total transaction of $104,959.80. Following the sale, the chief executive officer now directly owns 4,285 shares of the company’s stock, valued at $146,547. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of QCRH. Metropolitan Life Insurance Co. NY raised its position in QCR by 324.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,855 shares of the bank’s stock worth $124,000 after acquiring an additional 2,947 shares in the last quarter. Citigroup Inc. raised its position in QCR by 53.0% during the fourth quarter. Citigroup Inc. now owns 5,245 shares of the bank’s stock worth $168,000 after acquiring an additional 1,817 shares in the last quarter. Eqis Capital Management Inc. raised its position in QCR by 10.5% during the fourth quarter. Eqis Capital Management Inc. now owns 6,919 shares of the bank’s stock worth $222,000 after acquiring an additional 656 shares in the last quarter. Strs Ohio raised its position in QCR by 16.7% during the fourth quarter. Strs Ohio now owns 8,700 shares of the bank’s stock worth $279,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in QCR by 165.7% during the fourth quarter. Bessemer Group Inc. now owns 9,300 shares of the bank’s stock worth $298,000 after acquiring an additional 5,800 shares in the last quarter. 58.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QCRH opened at $33.57 on Thursday. QCR has a 12 month low of $30.15 and a 12 month high of $49.60. The firm has a market cap of $546.14 million, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.99 and a beta of 0.73. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.80.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, March 14th. QCR’s dividend payout ratio (DPR) is currently 7.79%.

About QCR

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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