QCR (NASDAQ:QCRH) Announces Earnings Results

QCR (NASDAQ:QCRH - Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.27, Zacks reports. The firm had revenue of $141.91 million for the quarter, compared to the consensus estimate of $82.83 million. QCR had a net margin of 20.80% and a return on equity of 13.78%. During the same quarter in the previous year, the firm earned $1.65 earnings per share.

QCR Trading Up 0.4 %

QCRH stock traded up $0.21 on Wednesday, hitting $58.57. 74,904 shares of the company were exchanged, compared to its average volume of 55,437. QCR has a twelve month low of $35.14 and a twelve month high of $62.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04. The business's fifty day moving average is $57.21 and its two-hundred day moving average is $55.11. The stock has a market capitalization of $983.98 million, a price-to-earnings ratio of 8.70 and a beta of 0.95.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, March 14th. QCR's dividend payout ratio (DPR) is 3.57%.

Insider Buying and Selling

In other news, CFO Todd A. Gipple sold 6,791 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $61.00, for a total value of $414,251.00. Following the completion of the sale, the chief financial officer now owns 40,043 shares of the company's stock, valued at $2,442,623. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Larry J. Helling bought 1,000 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $56.00 per share, for a total transaction of $56,000.00. Following the completion of the purchase, the chief executive officer now owns 36,601 shares of the company's stock, valued at $2,049,656. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Todd A. Gipple sold 6,791 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $61.00, for a total transaction of $414,251.00. Following the transaction, the chief financial officer now owns 40,043 shares in the company, valued at $2,442,623. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QCRH has been the topic of a number of research analyst reports. Raymond James boosted their price objective on shares of QCR from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Keefe, Bruyette & Woods boosted their price objective on shares of QCR from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Finally, Piper Sandler upped their price target on shares of QCR from $67.00 to $74.00 and gave the company an "overweight" rating in a report on Thursday, January 25th.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.