QCR (QCRH) to Release Earnings on Tuesday

QCR (NASDAQ:QCRH) will be issuing its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.32 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

QCR (NASDAQ:QCRH) last issued its earnings results on Tuesday, January 23rd. The bank reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.61. QCR had a return on equity of 13.78% and a net margin of 20.80%. The business had revenue of $103.47 million during the quarter, compared to analyst estimates of $81.57 million. On average, analysts expect QCR to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $55.46 on Tuesday. QCR has a fifty-two week low of $35.14 and a fifty-two week high of $62.94. The business has a 50-day simple moving average of $57.23 and a two-hundred day simple moving average of $54.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $931.73 million, a price-to-earnings ratio of 8.24 and a beta of 0.95.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Thursday, March 14th. QCR’s dividend payout ratio (DPR) is 3.57%.

Insider Activity at QCR

In related news, CEO Larry J. Helling acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $56.00 per share, for a total transaction of $56,000.00. Following the purchase, the chief executive officer now owns 36,601 shares in the company, valued at approximately $2,049,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Larry J. Helling acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $56.00 per share, for a total transaction of $56,000.00. Following the purchase, the chief executive officer now owns 36,601 shares in the company, valued at approximately $2,049,656. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Todd A. Gipple sold 6,791 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $61.00, for a total value of $414,251.00. Following the completion of the transaction, the chief financial officer now owns 40,043 shares of the company’s stock, valued at $2,442,623. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new position in QCR in the 3rd quarter worth approximately $33,000. Citigroup Inc. raised its holdings in QCR by 69.3% during the 1st quarter. Citigroup Inc. now owns 1,459 shares of the bank’s stock valued at $64,000 after buying an additional 597 shares during the period. Osaic Holdings Inc. raised its holdings in QCR by 59.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,212 shares of the bank’s stock valued at $91,000 after buying an additional 825 shares during the period. Tower Research Capital LLC TRC raised its holdings in QCR by 523.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,001 shares of the bank’s stock valued at $152,000 after buying an additional 2,520 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in QCR during the 1st quarter valued at $203,000. 70.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler upped their price target on shares of QCR from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods upped their price target on shares of QCR from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Raymond James upped their price target on shares of QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, January 29th.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.