QCR (NASDAQ:QCRH) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

QCR (NASDAQ:QCRH) released its earnings results on Tuesday. The bank reported $1.59 EPS for the quarter, beating the consensus estimate of $1.32 by $0.27, Zacks reports. The firm had revenue of $141.91 million during the quarter, compared to analysts’ expectations of $82.83 million. QCR had a net margin of 19.92% and a return on equity of 13.47%. During the same period in the prior year, the company earned $1.65 EPS.

QCR Trading Up 0.4 %

Shares of QCRH stock opened at $58.57 on Thursday. QCR has a 52-week low of $35.14 and a 52-week high of $62.94. The stock has a market cap of $983.98 million, a price-to-earnings ratio of 8.73 and a beta of 0.95. 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 firm has a fifty day moving average of $57.21 and a 200-day moving average of $55.11.

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 0.41%. The ex-dividend date of this dividend was Thursday, March 14th. QCR’s dividend payout ratio is 3.58%.

Insider Buying and Selling

In related news, CFO Todd A. Gipple sold 6,791 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $61.00, for a total transaction of $414,251.00. Following the completion of the sale, the chief financial officer now owns 40,043 shares in the company, valued at approximately $2,442,623. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Todd A. Gipple sold 6,791 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $61.00, for a total transaction of $414,251.00. Following the completion of the sale, the chief financial officer now owns 40,043 shares in the company, valued at approximately $2,442,623. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were purchased at an average price of $56.00 per share, with a total value of $56,000.00. Following the transaction, the chief executive officer now directly owns 36,601 shares in the company, valued at $2,049,656. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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