QCR (NASDAQ:QCRH) Announces Earnings Results, Beats Expectations By $0.29 EPS

QCR (NASDAQ:QCRH) announced its quarterly earnings data on Wednesday. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29, Yahoo Finance reports. The firm had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. QCR had a return on equity of 12.90% and a net margin of 19.37%. During the same quarter in the prior year, the company earned $1.51 EPS.

QCR Stock Performance

QCRH traded down $0.56 during trading hours on Friday, hitting $77.60. The stock had a trading volume of 23,679 shares, compared to its average volume of 60,755. QCR has a 1 year low of $45.83 and a 1 year high of $82.00. The company’s fifty day simple moving average is $75.35 and its 200 day simple moving average is $65.95. The stock has a market cap of $1.30 billion, a PE ratio of 11.60 and a beta of 0.94. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were given a dividend of $0.06 per share. The ex-dividend date was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. QCR’s dividend payout ratio is presently 3.58%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and set a $82.00 price target (up previously from $70.00) on shares of QCR in a research report on Monday, July 29th.

About QCR

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.