Analysts predict that QCR Holdings, Inc. (NASDAQ:QCRH) will post $40.39 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for QCR’s earnings. The highest sales estimate is $42.00 million and the lowest is $39.56 million. QCR posted sales of $34.95 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The company is scheduled to issue its next earnings results on Thursday, April 19th.
On average, analysts expect that QCR will report full-year sales of $40.39 million for the current year, with estimates ranging from $162.89 million to $174.60 million. For the next financial year, analysts expect that the company will post sales of $179.28 million per share, with estimates ranging from $174.13 million to $185.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover QCR.
QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Thursday, February 1st. The bank reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. QCR had a net margin of 21.51% and a return on equity of 12.09%. The company had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $39.74 million.
In other news, CEO Larry J. Helling sold 1,021 shares of QCR stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $44.40, for a total transaction of $45,332.40. Following the completion of the sale, the chief executive officer now directly owns 11,180 shares of the company’s stock, valued at approximately $496,392. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas M. Hultquist sold 2,036 shares of QCR stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $43.90, for a total transaction of $89,380.40. Following the sale, the chief executive officer now directly owns 77,404 shares of the company’s stock, valued at $3,398,035.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,854 shares of company stock valued at $213,494. Corporate insiders own 8.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. lifted its position in QCR by 142.1% in the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after acquiring an additional 1,883 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in QCR by 23.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 22,062 shares of the bank’s stock valued at $1,046,000 after acquiring an additional 4,200 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new stake in QCR in the second quarter valued at $343,000. Castine Capital Management LLC lifted its position in QCR by 9.7% in the third quarter. Castine Capital Management LLC now owns 280,479 shares of the bank’s stock valued at $12,761,000 after acquiring an additional 24,896 shares during the last quarter. Finally, Northern Trust Corp lifted its position in QCR by 5.7% in the second quarter. Northern Trust Corp now owns 156,953 shares of the bank’s stock valued at $7,439,000 after acquiring an additional 8,532 shares during the last quarter. 59.88% of the stock is owned by hedge funds and other institutional investors.
QCR (NASDAQ QCRH) opened at $44.25 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95. QCR has a 1 year low of $39.85 and a 1 year high of $50.00. The company has a market cap of $615.88, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.37 and a beta of 0.40.
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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