QCR (NASDAQ:QCRH) Posts Earnings Results, Beats Estimates By $0.19 EPS

QCR (NASDAQ:QCRH) released its quarterly earnings data on Wednesday. The bank reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19, Zacks reports. QCR had a net margin of 19.25% and a return on equity of 12.92%.

QCR Stock Performance

QCR stock traded down $0.59 during midday trading on Wednesday, hitting $80.96. The company’s stock had a trading volume of 72,720 shares, compared to its average volume of 90,021. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR has a 1-year low of $54.37 and a 1-year high of $96.08. The company has a 50-day moving average price of $85.46 and a two-hundred day moving average price of $78.48. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 11.75 and a beta of 0.98.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, December 13th. QCR’s payout ratio is 3.48%.

Insiders Place Their Bets

In other QCR news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares of the company’s stock, valued at approximately $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% 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’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.