DA Davidson Comments on QCR Holdings, Inc.’s Q2 2022 Earnings (NASDAQ:QCRH)

QCR Holdings, Inc. (NASDAQ:QCRH – Get Rating) – Analysts at DA Davidson issued their Q2 2022 EPS estimates for shares of QCR in a research report issued to clients and investors on Thursday, April 28th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $1.18 per share for the quarter. DA Davidson also issued estimates for QCR’s FY2022 earnings at $6.10 EPS and FY2023 earnings at $7.25 EPS.

QCR (NASDAQ:QCRH – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The bank reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.02. QCR had a net margin of 32.90% and a return on equity of 15.60%. During the same period last year, the company earned $1.16 earnings per share.

QCRH has been the topic of several other reports. Zacks Investment Research upgraded QCR from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Wednesday, March 30th. Piper Sandler lifted their price objective on shares of QCR from $72.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 5th. Finally, StockNews.com downgraded shares of QCR from a “buy” rating to a “hold” rating in a research note on Friday.

NASDAQ:QCRH opened at $54.90 on Friday. The stock has a market cap of $859.62 million, a price-to-earnings ratio of 8.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day simple moving average is $56.09 and its 200 day simple moving average is $56.37. QCR has a one year low of $44.75 and a one year high of $62.34.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. boosted its position in shares of QCR by 87.8% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,700 shares of the bank’s stock worth $95,000 after purchasing an additional 795 shares in the last quarter. Accel Wealth Management acquired a new stake in QCR in the fourth quarter valued at $105,000. Denali Advisors LLC bought a new position in QCR during the fourth quarter worth about $106,000. Royal Bank of Canada raised its stake in QCR by 30.6% in the 3rd quarter. Royal Bank of Canada now owns 2,584 shares of the bank’s stock valued at $133,000 after acquiring an additional 605 shares during the period. Finally, Jag Capital Management LLC bought a new position in shares of QCR in the fourth quarter valued at about $203,000. 70.60% of the stock is owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Friday, March 18th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $0.24 annualized dividend and a yield of 0.44%. QCR’s payout ratio is 3.86%.

QCR Company Profile (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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