QCR (NASDAQ:QCRH) Releases Earnings Results, Beats Expectations By $0.01 EPS

QCR (NASDAQ:QCRH - Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01, Zacks reports. QCR had a return on equity of 12.68% and a net margin of 19.06%. The business had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. During the same quarter in the prior year, the business posted $1.59 earnings per share.

QCR Trading Down 1.5 %

QCRH traded down $0.96 on Friday, hitting $64.16. The company had a trading volume of 98,920 shares, compared to its average volume of 73,540. The company has a market cap of $1.09 billion, a PE ratio of 9.56 and a beta of 0.81. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The business's fifty day simple moving average is $70.49 and its 200 day simple moving average is $78.60. QCR has a 12-month low of $54.75 and a 12-month high of $96.08.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's payout ratio is 3.61%.

Insider Activity at QCR

In related news, insider James D. Klein sold 630 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the sale, the insider now owns 428 shares of the company's stock, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nicole A. Lee acquired 1,094 shares of the business's stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the transaction, the executive vice president now owns 1,881 shares in the company, valued at approximately $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QCRH. Piper Sandler reduced their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday. Raymond James set a $78.00 price objective on shares of QCR and gave the stock an "outperform" rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lowered their target price on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday.

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.