Wall Street analysts expect that QCR Holdings, Inc. (NASDAQ:QCRH) will post $0.67 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for QCR’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.70. QCR posted earnings per share of $0.64 in the same quarter last year, which would indicate a positive year over year growth rate of 4.7%. The business is expected to issue its next earnings report on Wednesday, February 7th.
On average, analysts expect that QCR will report full year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.69. For the next fiscal year, analysts forecast that the company will report earnings of $3.00 per share, with EPS estimates ranging from $2.84 to $3.10. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for QCR.
QCRH has been the subject of several recent research reports. Maxim Group lowered their price objective on QCR from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Piper Jaffray Companies set a $55.00 price objective on QCR and gave the company a “buy” rating in a research report on Friday, October 6th. ValuEngine downgraded QCR from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.67.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new stake in shares of QCR during the third quarter valued at $132,000. Citigroup Inc. boosted its position in shares of QCR by 142.1% during the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after buying an additional 1,883 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of QCR during the second quarter valued at $200,000. Busey Trust CO purchased a new stake in shares of QCR during the second quarter valued at $213,000. Finally, Voya Investment Management LLC purchased a new stake in shares of QCR during the second quarter valued at $224,000. 59.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QCR (QCRH) traded down $0.45 during mid-day trading on Friday, reaching $44.95. The company’s stock had a trading volume of 26,315 shares, compared to its average volume of 39,539. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. QCR has a 12-month low of $38.75 and a 12-month high of $50.00. The company has a market capitalization of $624.31, a P/E ratio of 17.29, a P/E/G ratio of 1.71 and a beta of 0.55.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. QCR’s dividend payout ratio (DPR) is 7.84%.
QCR 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), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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