QCR Holdings, Inc. (NASDAQ:QCRH) – Equities researchers at FIG Partners decreased their Q1 2019 earnings per share (EPS) estimates for QCR in a research note issued to investors on Monday, February 11th. FIG Partners analyst B. Martin now anticipates that the bank will post earnings of $0.78 per share for the quarter, down from their previous forecast of $0.83. FIG Partners also issued estimates for QCR’s Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $0.95 EPS, FY2019 earnings at $3.50 EPS, Q3 2020 earnings at $0.92 EPS, Q4 2020 earnings at $0.95 EPS and FY2020 earnings at $3.85 EPS.
A number of other research analysts have also issued reports on QCRH. BidaskClub lowered shares of QCR from a “sell” rating to a “strong sell” rating in a research note on Friday, October 19th. ValuEngine downgraded shares of QCR from a “sell” rating to a “strong sell” rating in a report on Monday, October 22nd. Raymond James cut their price target on shares of QCR from $49.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. Piper Jaffray Companies set a $45.00 price target on shares of QCR and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of QCR in a research report on Monday, January 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. QCR has a consensus rating of “Hold” and an average price target of $44.00.
NASDAQ QCRH opened at $34.34 on Tuesday. QCR has a one year low of $30.15 and a one year high of $49.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $534.79 million, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.95 and a beta of 0.70.
QCR (NASDAQ:QCRH) last released its quarterly earnings results on Thursday, January 24th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The firm had revenue of $54.87 million for the quarter, compared to the consensus estimate of $48.73 million. QCR had a net margin of 19.21% and a return on equity of 11.73%.
In other QCR news, CFO Todd A. Gipple bought 2,564 shares of QCR stock in a transaction dated Tuesday, December 11th. The shares were bought at an average price of $33.80 per share, with a total value of $86,663.20. Following the purchase, the chief financial officer now owns 42,395 shares of the company’s stock, valued at $1,432,951. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Lawrence Peterson bought 20,000 shares of QCR stock in a transaction dated Thursday, December 13th. The stock was acquired at an average cost of $33.51 per share, for a total transaction of $670,200.00. Following the purchase, the director now directly owns 251,477 shares in the company, valued at approximately $8,426,994.27. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 23,166 shares of company stock valued at $777,211. Corporate insiders own 8.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of QCR by 7.3% in the second quarter. BlackRock Inc. now owns 1,119,175 shares of the bank’s stock valued at $53,102,000 after purchasing an additional 76,115 shares during the last quarter. Vanguard Group Inc. boosted its position in QCR by 4.1% during the third quarter. Vanguard Group Inc. now owns 603,887 shares of the bank’s stock worth $24,670,000 after purchasing an additional 23,735 shares during the period. Vanguard Group Inc boosted its position in QCR by 4.1% during the third quarter. Vanguard Group Inc now owns 603,887 shares of the bank’s stock worth $24,670,000 after purchasing an additional 23,735 shares during the period. Renaissance Technologies LLC boosted its position in shares of QCR by 1.4% in the third quarter. Renaissance Technologies LLC now owns 518,100 shares of the bank’s stock valued at $21,164,000 after acquiring an additional 7,400 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of QCR by 14.0% in the third quarter. Dimensional Fund Advisors LP now owns 510,487 shares of the bank’s stock valued at $20,853,000 after acquiring an additional 62,827 shares during the period. Hedge funds and other institutional investors own 58.56% of the company’s stock.
QCR Company Profile
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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