QCR (QCRH) Set to Announce Quarterly Earnings on Tuesday

QCR (NASDAQ:QCRH) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 23rd. Analysts expect QCR to post earnings of $1.32 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, January 23rd. The bank reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.61. The company had revenue of $103.47 million for the quarter, compared to the consensus estimate of $81.57 million. QCR had a return on equity of 13.78% and a net margin of 20.80%. On average, analysts expect QCR to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

QCR Stock Down 1.1 %

QCRH opened at $55.46 on Tuesday. The business’s fifty day moving average is $57.23 and its two-hundred day moving average is $54.70. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $931.73 million, a price-to-earnings ratio of 8.24 and a beta of 0.95. QCR has a one year low of $35.14 and a one year high of $62.94.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.43%. QCR’s dividend payout ratio is currently 3.57%.

Insider Activity at QCR

In related news, CFO Todd A. Gipple sold 6,791 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $61.00, for a total value of $414,251.00. Following the completion of the transaction, the chief financial officer now directly owns 40,043 shares in the company, valued at $2,442,623. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Todd A. Gipple sold 6,791 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $61.00, for a total value of $414,251.00. Following the completion of the transaction, the chief financial officer now directly owns 40,043 shares in the company, valued at $2,442,623. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Larry J. Helling bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average price of $56.00 per share, with a total value of $56,000.00. Following the completion of the purchase, the chief executive officer now directly owns 36,601 shares of the company’s stock, valued at approximately $2,049,656. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On QCR

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in QCR by 5.0% during the second quarter. BlackRock Inc. now owns 1,352,693 shares of the bank’s stock worth $55,501,000 after acquiring an additional 64,005 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in QCR by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 969,542 shares of the bank’s stock worth $42,572,000 after acquiring an additional 38,679 shares during the last quarter. Vanguard Group Inc. increased its stake in QCR by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 933,177 shares of the bank’s stock worth $54,488,000 after acquiring an additional 20,864 shares during the last quarter. State Street Corp grew its stake in shares of QCR by 6.8% in the second quarter. State Street Corp now owns 485,154 shares of the bank’s stock valued at $26,220,000 after buying an additional 30,782 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of QCR by 5.0% in the second quarter. Geode Capital Management LLC now owns 333,475 shares of the bank’s stock valued at $13,682,000 after buying an additional 15,845 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on QCRH shares. Raymond James upped their price objective on QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods upped their price objective on QCR from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Piper Sandler upped their price objective on QCR from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th.

About QCR

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.