QCR Holdings, Inc. Expected to Post FY2017 Earnings of $2.72 Per Share (NASDAQ:QCRH)
QCR Holdings, Inc. (NASDAQ:QCRH) – Analysts at FIG Partners issued their FY2017 earnings per share estimates for QCR Holdings in a research report issued to clients and investors on Monday. FIG Partners analyst B. Martin expects that the bank will post earnings per share of $2.72 for the year. FIG Partners also issued estimates for QCR Holdings’ Q1 2018 earnings at $0.73 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.85 EPS and FY2018 earnings at $3.15 EPS.
QCR Holdings (NASDAQ:QCRH) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by $0.01. The firm had revenue of $34.83 million for the quarter, compared to analysts’ expectations of $36.49 million. QCR Holdings had a return on equity of 11.34% and a net margin of 21.11%.
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QCRH has been the topic of a number of other reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $46.00 price target on shares of QCR Holdings in a research note on Monday, April 10th. Maxim Group reiterated a “buy” rating and issued a $53.00 price objective on shares of QCR Holdings in a research note on Thursday, June 15th. ValuEngine upgraded QCR Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $43.75.
Shares of QCR Holdings (QCRH) traded down 0.21% on Wednesday, hitting $46.85. The stock had a trading volume of 2,222 shares. The stock has a 50 day moving average of $47.43 and a 200 day moving average of $44.36. QCR Holdings has a 12-month low of $27.48 and a 12-month high of $50.00. The firm has a market cap of $617.25 million, a price-to-earnings ratio of 19.27 and a beta of 0.63.
The business also recently disclosed 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 0.43%. The ex-dividend date was Wednesday, June 14th. QCR Holdings’s payout ratio is currently 8.23%.
A hedge fund recently bought a new stake in QCR Holdings stock. First Quadrant L P CA acquired a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the second quarter, according to its most recent Form 13F filing 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 approximately 0.07% of QCR Holdings at the end of the most recent quarter. Institutional investors and hedge funds own 60.54% of the company’s stock.
About QCR Holdings
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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