Q4 2020 EPS Estimates for QCR Holdings, Inc. (NASDAQ:QCRH) Reduced by Piper Jaffray Companies

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QCR Holdings, Inc. (NASDAQ:QCRH) – Analysts at Piper Jaffray Companies dropped their Q4 2020 earnings per share estimates for shares of QCR in a research note issued to investors on Thursday, August 15th. Piper Jaffray Companies analyst N. Race now anticipates that the bank will earn $0.94 per share for the quarter, down from their prior estimate of $0.97.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. The firm had revenue of $55.08 million during the quarter, compared to analysts’ expectations of $50.76 million. QCR had a net margin of 18.53% and a return on equity of 10.82%.

QCRH has been the subject of several other research reports. ValuEngine raised shares of QCR from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 29th. BidaskClub cut shares of QCR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Zacks Investment Research raised shares of QCR from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Saturday. Finally, Maxim Group reissued a “buy” rating and issued a $38.00 price target (down previously from $43.00) on shares of QCR in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. QCR presently has an average rating of “Hold” and an average target price of $41.75.

NASDAQ:QCRH opened at $36.18 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $578.17 million, a P/E ratio of 11.75, a PEG ratio of 1.04 and a beta of 0.77. The company has a 50 day moving average price of $35.64 and a 200 day moving average price of $34.64. QCR has a fifty-two week low of $30.15 and a fifty-two week high of $44.75.

A number of hedge funds have recently modified their holdings of QCRH. Nuveen Asset Management LLC boosted its holdings in QCR by 1,017.7% during the second quarter. Nuveen Asset Management LLC now owns 149,142 shares of the bank’s stock worth $5,201,000 after buying an additional 135,798 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in QCR by 14.5% during the second quarter. Victory Capital Management Inc. now owns 51,580 shares of the bank’s stock worth $1,799,000 after buying an additional 6,516 shares in the last quarter. Citadel Advisors LLC purchased a new stake in QCR during the second quarter worth about $316,000. Vanguard Group Inc. boosted its holdings in QCR by 3.1% during the second quarter. Vanguard Group Inc. now owns 642,614 shares of the bank’s stock worth $22,407,000 after buying an additional 19,108 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in QCR by 17.5% during the second quarter. Jacobs Levy Equity Management Inc. now owns 59,003 shares of the bank’s stock worth $2,057,000 after buying an additional 8,770 shares in the last quarter. 59.63% of the stock is owned by institutional investors.

In other QCR news, insider Robert C. Fulp sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $39.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 28,009 shares of the company’s stock, valued at approximately $1,092,351. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.20% of the company’s stock.

QCR Company Profile

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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Earnings History and Estimates for QCR (NASDAQ:QCRH)

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