QCR (QCRH) to Release Quarterly Earnings on Tuesday

QCR (NASDAQ:QCRH – Get Rating) will announce its earnings results after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $1.52 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

QCR (NASDAQ:QCRH – Get Rating) last posted its quarterly earnings data on Tuesday, January 25th. The bank reported $1.73 EPS for the quarter, beating the consensus estimate of $1.71 by $0.02. The business had revenue of $69.50 million for the quarter, compared to analysts’ expectations of $74.47 million. QCR had a net margin of 32.90% and a return on equity of 15.60%. During the same period in the previous year, the firm posted $1.20 EPS. On average, analysts expect QCR to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

QCRH opened at $56.48 on Tuesday. The stock has a market capitalization of $884.36 million, a P/E ratio of 9.10 and a beta of 1.07. QCR has a 12 month low of $44.75 and a 12 month high of $62.34. The firm’s fifty day simple moving average is $56.32 and its 200 day simple moving average is $56.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Investors of record on Friday, March 18th were given a $0.06 dividend. The ex-dividend date was Thursday, March 17th. This represents a $0.24 annualized dividend and a yield of 0.42%. QCR’s dividend payout ratio is currently 3.86%.

Several equities research analysts recently commented on QCRH shares. Zacks Investment Research raised shares of QCR from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, March 30th. Piper Sandler boosted their price objective on shares of QCR from $72.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 5th. Finally, StockNews.com cut shares of QCR from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th.

A number of hedge funds and other institutional investors have recently bought and sold shares of QCRH. BlackRock Inc. lifted its stake in QCR by 7.1% in the 4th quarter. BlackRock Inc. now owns 1,210,673 shares of the bank’s stock valued at $67,799,000 after purchasing an additional 80,028 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of QCR by 119.4% during the third quarter. Citadel Advisors LLC now owns 38,814 shares of the bank’s stock valued at $1,997,000 after purchasing an additional 21,120 shares in the last quarter. Barclays PLC lifted its position in shares of QCR by 143.6% during the fourth quarter. Barclays PLC now owns 33,499 shares of the bank’s stock valued at $1,875,000 after purchasing an additional 19,748 shares in the last quarter. Sei Investments Co. increased its holdings in QCR by 65.6% during the fourth quarter. Sei Investments Co. now owns 44,813 shares of the bank’s stock worth $2,477,000 after buying an additional 17,754 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in QCR by 19.7% during the fourth quarter. JPMorgan Chase & Co. now owns 91,005 shares of the bank’s stock worth $5,097,000 after buying an additional 15,002 shares during the last quarter. 70.60% of the stock is owned by hedge funds and other institutional investors.

About QCR (Get Rating)

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

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