QCR Holdings (NASDAQ:QCRH) – DA Davidson raised their FY2018 earnings estimates for QCR in a research note issued on Wednesday, April 18th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $3.15 for the year, up from their prior forecast of $3.10. DA Davidson also issued estimates for QCR’s Q4 2018 earnings at $0.96 EPS and FY2019 earnings at $3.80 EPS.
Several other research analysts have also recently commented on QCRH. BidaskClub cut shares of QCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Maxim Group restated a “buy” rating and issued a $53.00 target price on shares of QCR in a research report on Friday, February 2nd. Stephens set a $53.00 target price on shares of QCR and gave the stock a “buy” rating in a research report on Monday, February 5th. Piper Jaffray set a $52.00 target price on shares of QCR and gave the stock a “buy” rating in a research report on Monday, February 5th. Finally, ValuEngine upgraded shares of QCR from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.60.
QCR (NASDAQ:QCRH) last posted its earnings results on Thursday, February 1st. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. QCR had a net margin of 21.13% and a return on equity of 11.82%. The firm had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $39.74 million.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Friday, March 16th were issued a $0.06 dividend. The ex-dividend date was Thursday, March 15th. This is a boost from QCR’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. QCR’s dividend payout ratio (DPR) is 9.02%.
In other news, CEO Douglas M. Hultquist sold 2,014 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $44.33, for a total value of $89,280.62. Following the completion of the transaction, the chief executive officer now directly owns 77,404 shares in the company, valued at $3,431,319.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas M. Hultquist sold 2,057 shares of the stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $44.50, for a total transaction of $91,536.50. Following the completion of the transaction, the chief executive officer now owns 76,347 shares of the company’s stock, valued at $3,397,441.50. The disclosure for this sale can be found here. Insiders sold 6,107 shares of company stock valued at $270,198 over the last quarter. Insiders own 8.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC bought a new position in shares of QCR in the fourth quarter valued at approximately $249,000. TIAA CREF Investment Management LLC boosted its holdings in shares of QCR by 11.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 52,409 shares of the bank’s stock valued at $2,246,000 after acquiring an additional 5,472 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of QCR by 64.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 25,790 shares of the bank’s stock valued at $1,105,000 after acquiring an additional 10,137 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of QCR in the fourth quarter valued at approximately $232,000. Finally, Brandywine Global Investment Management LLC bought a new position in shares of QCR in the fourth quarter valued at approximately $275,000. Institutional investors and hedge funds own 61.07% of the company’s stock.
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QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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