QCR Holdings, Inc. (NASDAQ:QCRH) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS
QCR Holdings, Inc. (NASDAQ:QCRH) announced its quarterly earnings results on Thursday. The bank reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.01, Morningstar.com reports. QCR Holdings had a net margin of 20.92% and a return on equity of 10.84%. The business had revenue of $34.83 million during the quarter, compared to analyst estimates of $36.49 million.
Shares of QCR Holdings (NASDAQ:QCRH) traded down 0.9410% during trading on Friday, hitting $47.1521. The stock had a trading volume of 14,573 shares. The company has a market cap of $620.99 million, a PE ratio of 20.3067 and a beta of 0.63. The stock’s 50 day moving average is $47.31 and its 200-day moving average is $44.29. QCR Holdings has a 12-month low of $27.48 and a 12-month high of $50.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Friday, June 16th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Wednesday, June 14th. QCR Holdings’s dividend payout ratio (DPR) is presently 8.66%.
An institutional investor recently bought a new position in QCR Holdings stock. First Quadrant L P CA acquired a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,866 shares of the bank’s stock, valued at approximately $468,000. First Quadrant L P CA owned 0.07% of QCR Holdings as of its most recent filing with the SEC. Institutional investors and hedge funds own 60.72% of the company’s stock.
QCRH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $46.00 price target on shares of QCR Holdings in a research note on Monday, April 10th. Maxim Group reaffirmed a “buy” rating and issued a $53.00 price target on shares of QCR Holdings in a research note on Thursday, June 15th. Finally, ValuEngine raised QCR Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. QCR Holdings currently has an average rating of “Buy” and a consensus target price of $42.50.
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QCR Holdings Company Profile
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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