Analysts Expect QCR Holdings, Inc. (NASDAQ:QCRH) to Post $1.34 Earnings Per Share

Equities analysts forecast that QCR Holdings, Inc. (NASDAQ:QCRHGet Rating) will report earnings per share of $1.34 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for QCR’s earnings, with estimates ranging from $1.11 to $1.53. QCR reported earnings per share of $1.40 during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that QCR will report full year earnings of $6.14 per share for the current financial year, with EPS estimates ranging from $5.96 to $6.36. For the next year, analysts expect that the company will post earnings of $7.03 per share, with EPS estimates ranging from $6.90 to $7.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for QCR.

QCR (NASDAQ:QCRHGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. QCR had a return on equity of 16.12% and a net margin of 35.29%. During the same quarter in the previous year, the firm posted $1.16 EPS.

QCRH has been the topic of a number of analyst reports. Piper Sandler increased their target price on QCR from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, April 5th. Zacks Investment Research cut QCR from a “buy” rating to a “hold” rating in a report on Thursday. Finally, StockNews.com cut QCR from a “buy” rating to a “hold” rating in a report on Friday, April 29th.

Several hedge funds have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. boosted its holdings in QCR by 87.8% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 1,700 shares of the bank’s stock valued at $95,000 after acquiring an additional 795 shares during the last quarter. Accel Wealth Management acquired a new position in QCR in the fourth quarter valued at $105,000. Denali Advisors LLC acquired a new position in QCR in the fourth quarter valued at $106,000. CENTRAL TRUST Co acquired a new position in QCR in the first quarter valued at $129,000. Finally, Royal Bank of Canada boosted its holdings in QCR by 30.6% in the third 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 last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Shares of NASDAQ:QCRH opened at $52.07 on Friday. The business’s fifty day moving average price is $55.61 and its two-hundred day moving average price is $56.49. The stock has a market cap of $919.09 million, a PE ratio of 7.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.01. QCR has a one year low of $44.75 and a one year high of $62.34.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Friday, March 18th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Thursday, March 17th. QCR’s dividend payout ratio (DPR) is 3.65%.

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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Earnings History and Estimates for QCR (NASDAQ:QCRH)

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