QCR Holdings, Inc. (NASDAQ:QCRH) Forecasted to Earn Q2 2024 Earnings of $1.43 Per Share

QCR Holdings, Inc. (NASDAQ:QCRH) – Investment analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of QCR in a report released on Thursday, April 25th. DA Davidson analyst J. Rulis forecasts that the bank will post earnings of $1.43 per share for the quarter. The consensus estimate for QCR’s current full-year earnings is $5.64 per share. DA Davidson also issued estimates for QCR’s FY2024 earnings at $5.85 EPS and FY2025 earnings at $6.25 EPS.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.27. The company had revenue of $141.91 million during the quarter, compared to analyst estimates of $82.83 million. QCR had a return on equity of 13.47% and a net margin of 19.92%. During the same period in the previous year, the company earned $1.65 earnings per share.

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

QCR Trading Down 2.3 %

Shares of QCRH stock opened at $56.21 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. QCR has a 1 year low of $35.14 and a 1 year high of $62.94. The firm’s fifty day simple moving average is $57.18 and its 200 day simple moving average is $55.18. The firm has a market capitalization of $944.33 million, a P/E ratio of 8.38 and a beta of 0.95.

Institutional Investors Weigh In On QCR

Several large investors have recently modified their holdings of the stock. Comerica Bank boosted its position in QCR by 1.3% in the fourth quarter. Comerica Bank now owns 27,328 shares of the bank’s stock valued at $1,596,000 after buying an additional 344 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of QCR by 5.4% in the 4th quarter. Teacher Retirement System of Texas now owns 10,600 shares of the bank’s stock worth $619,000 after acquiring an additional 540 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of QCR in the 4th quarter worth approximately $33,000. Rafferty Asset Management LLC grew its position in QCR by 6.3% during the 3rd quarter. Rafferty Asset Management LLC now owns 10,868 shares of the bank’s stock worth $527,000 after acquiring an additional 647 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in QCR by 2.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 30,406 shares of the bank’s stock valued at $1,847,000 after purchasing an additional 716 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

Insider Activity

In other QCR news, CEO Larry J. Helling bought 1,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $56.00 per share, for a total transaction of $56,000.00. Following the transaction, the chief executive officer now owns 36,601 shares in the company, valued at $2,049,656. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, March 14th. QCR’s dividend payout ratio is 3.58%.

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.