QCR (NASDAQ:QCRH) Posts Earnings Results, Beats Expectations By $0.25 EPS

QCR (NASDAQ:QCRH) released its quarterly earnings data on Tuesday. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.25, FiscalAI reports. QCR had a net margin of 20.64% and a return on equity of 12.04%.

QCR Price Performance

QCRH traded up $1.06 on Tuesday, hitting $88.23. 66,214 shares of the company’s stock traded hands, compared to its average volume of 72,809. The company’s 50 day simple moving average is $84.28 and its 200-day simple moving average is $78.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. QCR has a one year low of $60.83 and a one year high of $91.40. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 12.32 and a beta of 0.82.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR’s dividend payout ratio (DPR) is currently 3.35%.

Analysts Set New Price Targets

QCRH has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. DA Davidson reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of QCR in a report on Thursday, October 9th. Zacks Research cut QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of QCR in a research report on Monday, December 29th. Finally, Raymond James Financial restated an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of QCR in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Institutional Investors Weigh In On QCR

Several institutional investors and hedge funds have recently modified their holdings of QCRH. Quadrant Capital Group LLC purchased a new stake in shares of QCR during the 3rd quarter valued at about $72,000. Russell Investments Group Ltd. bought a new stake in QCR during the third quarter worth approximately $104,000. CIBC Bancorp USA Inc. purchased a new stake in QCR during the third quarter valued at approximately $218,000. Inceptionr LLC bought a new stake in shares of QCR in the 3rd quarter valued at approximately $242,000. Finally, Jump Financial LLC purchased a new position in shares of QCR in the 2nd quarter worth approximately $267,000. Institutional investors own 70.01% of the company’s stock.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.