QCR Holdings, Inc. (QCRH) Expected to Announce Earnings of $0.79 Per Share

Equities analysts expect that QCR Holdings, Inc. (NASDAQ:QCRH) will announce $0.79 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for QCR’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.75. QCR posted earnings per share of $0.77 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The company is expected to announce its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that QCR will report full year earnings of $3.36 per share for the current financial year, with EPS estimates ranging from $3.22 to $3.45. For the next fiscal year, analysts forecast that the firm will report earnings of $3.65 per share, with EPS estimates ranging from $3.55 to $3.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover QCR.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.01). QCR had a return on equity of 11.26% and a net margin of 18.92%. The company had revenue of $48.90 million for the quarter, compared to analyst estimates of $50.20 million.

QCRH has been the subject of several recent analyst reports. Maxim Group reiterated a “buy” rating and set a $38.00 price objective (down from $43.00) on shares of QCR in a research note on Monday, April 29th. Zacks Investment Research upgraded QCR from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, April 16th. Finally, BidaskClub upgraded QCR from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $41.50.

In other news, CEO John H. Anderson sold 3,069 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.20, for a total value of $104,959.80. Following the completion of the sale, the chief executive officer now directly owns 4,285 shares in the company, valued at $146,547. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.20% of the company’s stock.

Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in QCR by 68,350.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,738 shares of the bank’s stock worth $93,000 after purchasing an additional 2,734 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of QCR during the first quarter worth approximately $119,000. Metropolitan Life Insurance Co. NY boosted its stake in QCR by 324.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,855 shares of the bank’s stock worth $124,000 after purchasing an additional 2,947 shares during the period. Acadian Asset Management LLC acquired a new stake in QCR during the 1st quarter worth $151,000. Finally, Citigroup Inc. boosted its stake in QCR by 53.0% during the 4th quarter. Citigroup Inc. now owns 5,245 shares of the bank’s stock worth $168,000 after purchasing an additional 1,817 shares during the period. Institutional investors own 58.00% of the company’s stock.

QCR stock traded up $0.21 during mid-day trading on Friday, hitting $34.38. 2,069 shares of the company were exchanged, compared to its average volume of 30,444. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. QCR has a 1-year low of $30.15 and a 1-year high of $49.60. The firm has a market capitalization of $541.25 million, a P/E ratio of 11.21, a P/E/G ratio of 1.02 and a beta of 0.70.

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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Earnings History and Estimates for QCR (NASDAQ:QCRH)

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