QCR (NASDAQ:QCRH) Announces Quarterly Earnings Results

QCR (NASDAQ:QCRH) released its quarterly earnings results on Wednesday. The bank reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29, Yahoo Finance reports. QCR had a net margin of 19.37% and a return on equity of 12.90%. The firm had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. During the same period in the previous year, the business earned $1.51 EPS.

QCR Trading Down 0.7 %

Shares of QCR stock traded down $0.56 on Friday, hitting $77.60. The stock had a trading volume of 23,679 shares, compared to its average volume of 60,755. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. QCR has a one year low of $45.83 and a one year high of $82.00. The stock’s 50-day simple moving average is $75.35 and its two-hundred day simple moving average is $65.95. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 11.60 and a beta of 0.94.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.24 annualized dividend and a yield of 0.31%. QCR’s payout ratio is currently 3.58%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and set a $82.00 target price (up from $70.00) on shares of QCR in a research report on Monday, July 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.