QCR (NASDAQ:QCRH) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

QCR (NASDAQ:QCRH) announced its quarterly earnings results on Tuesday. The bank reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12, FiscalAI reports. The business had revenue of $99.17 million for the quarter, compared to analyst estimates of $108.97 million. QCR had a net margin of 22.86% and a return on equity of 12.87%.

QCR Price Performance

Shares of NASDAQ QCRH traded up $1.91 during midday trading on Tuesday, reaching $99.39. The company’s stock had a trading volume of 182,089 shares, compared to its average volume of 111,880. The company has a market cap of $1.63 billion, a P/E ratio of 11.75 and a beta of 0.74. QCR has a fifty-two week low of $69.55 and a fifty-two week high of $108.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50 day moving average price is $100.78 and its two-hundred day moving average price is $96.57.

QCR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, September 18th were given a $0.15 dividend. The ex-dividend date was Friday, September 18th. This is a positive change from QCR’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. QCR’s dividend payout ratio (DPR) is presently 7.09%.

Analysts Set New Price Targets

Several brokerages have issued reports on QCRH. Keefe, Bruyette & Woods raised their price objective on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Stephens began coverage on QCR in a research report on Friday, September 18th. They issued an “equal weight” rating and a $107.00 target price on the stock. DA Davidson increased their target price on QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a research note on Friday, October 2nd. Finally, Raymond James Financial started coverage on QCR in a report on Thursday, October 1st. They set an “outperform” rating and a $110.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.60.

QCR Company Profile

QCR Holdings, Inc is a bank holding company headquartered in Moline, Illinois. Through its community banking subsidiaries, the company provides financial services to businesses, professionals, individuals and institutions in selected Midwestern markets.

Its banking operations offer commercial and consumer lending, deposit accounts, treasury and cash-management services, mortgage lending, online and mobile banking, and other traditional banking products. The company also provides wealth management, trust, investment and related financial services through affiliated businesses.

QCR Holdings operates through banks including Quad City Bank & Trust, Cedar Rapids Bank & Trust, Community State Bank and Springfield First Community Bank.