QCR Holdings, Inc. (QCRH) Expected to Post Quarterly Sales of $48.73 Million

Wall Street analysts expect QCR Holdings, Inc. (NASDAQ:QCRH) to announce $48.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for QCR’s earnings, with estimates ranging from $47.50 million to $50.00 million. QCR reported sales of $41.51 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The firm is expected to issue its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that QCR will report full year sales of $179.94 million for the current fiscal year, with estimates ranging from $176.56 million to $183.40 million. For the next fiscal year, analysts forecast that the firm will post sales of $200.27 million, with estimates ranging from $196.90 million to $204.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow QCR.

QCR (NASDAQ:QCRH) last announced its earnings results on Monday, October 29th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.22). QCR had a net margin of 19.46% and a return on equity of 10.87%. The business had revenue of $47.12 million during the quarter, compared to analyst estimates of $45.06 million.

A number of equities research analysts have recently weighed in on QCRH shares. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a report on Saturday. Piper Jaffray Companies set a $45.00 price target on QCR and gave the company a “buy” rating in a report on Thursday, November 1st. Raymond James lowered their price target on QCR from $49.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Finally, ValuEngine upgraded QCR from a “strong sell” rating to a “sell” rating in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.83.

Shares of QCRH traded up $0.07 during trading on Monday, reaching $36.85. The company’s stock had a trading volume of 41,194 shares, compared to its average volume of 25,177. QCR has a twelve month low of $34.25 and a twelve month high of $49.60. The firm has a market cap of $576.48 million, a price-to-earnings ratio of 13.85, a PEG ratio of 1.21 and a beta of 0.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 21st will be issued a $0.06 dividend. The ex-dividend date is Thursday, December 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. QCR’s dividend payout ratio (DPR) is 9.02%.

In other news, CEO Thomas D. Budd sold 824 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total value of $35,432.00. Following the completion of the sale, the chief executive officer now directly owns 2,116 shares in the company, valued at approximately $90,988. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System bought a new stake in shares of QCR in the 2nd quarter valued at approximately $206,000. CWM LLC bought a new position in QCR during the 2nd quarter worth $254,000. Macquarie Group Ltd. grew its stake in QCR by 148.8% during the 2nd quarter. Macquarie Group Ltd. now owns 5,350 shares of the bank’s stock worth $254,000 after buying an additional 3,200 shares during the last quarter. Hartford Investment Management Co. bought a new position in QCR during the 2nd quarter worth $269,000. Finally, Summit X LLC bought a new position in QCR during the 3rd quarter worth $250,000. Institutional investors and hedge funds own 55.44% of the company’s stock.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.

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Earnings History and Estimates for QCR (NASDAQ:QCRH)

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