Analysts expect that QCR Holdings, Inc. (NASDAQ:QCRH) will announce sales of $54.81 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for QCR’s earnings. The lowest sales estimate is $52.70 million and the highest is $58.00 million. QCR reported sales of $55.08 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.5%. The firm is expected to report its next quarterly earnings results on Tuesday, July 28th.
According to Zacks, analysts expect that QCR will report full year sales of $224.73 million for the current year, with estimates ranging from $219.40 million to $234.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $216.83 million, with estimates ranging from $210.20 million to $227.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow QCR.
QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. The company had revenue of $52.89 million during the quarter, compared to analysts’ expectations of $53.47 million. QCR had a return on equity of 11.02% and a net margin of 18.89%.
NASDAQ QCRH traded down $1.70 during trading hours on Friday, reaching $28.20. The company’s stock had a trading volume of 104,209 shares, compared to its average volume of 60,695. The firm has a market capitalization of $444.83 million, a price-to-earnings ratio of 8.10 and a beta of 1.12. QCR has a 1-year low of $22.39 and a 1-year high of $44.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $29.78 and its two-hundred day moving average is $34.90.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Friday, June 19th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. QCR’s payout ratio is currently 6.56%.
In other news, Director James M. Field bought 1,810 shares of QCR stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of $27.76 per share, with a total value of $50,245.60. 6.90% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of QCR by 164.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,620 shares of the bank’s stock valued at $125,000 after purchasing an additional 2,870 shares in the last quarter. Citigroup Inc. grew its position in shares of QCR by 19.5% in the first quarter. Citigroup Inc. now owns 6,255 shares of the bank’s stock valued at $169,000 after purchasing an additional 1,020 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of QCR by 28.0% in the first quarter. WINTON GROUP Ltd now owns 20,886 shares of the bank’s stock valued at $565,000 after purchasing an additional 4,574 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its position in shares of QCR by 16.2% in the first quarter. Rothschild & Co. Asset Management US Inc. now owns 52,731 shares of the bank’s stock valued at $1,427,000 after purchasing an additional 7,355 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of QCR by 11.6% in the fourth quarter. Nuveen Asset Management LLC now owns 169,625 shares of the bank’s stock valued at $7,439,000 after purchasing an additional 17,571 shares in the last quarter. Institutional investors and hedge funds own 60.83% of the company’s stock.
QCR Company Profile
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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