Analysts forecast that QCR Holdings, Inc. (NASDAQ:QCRH) will post sales of $49.24 million for the current quarter, Zacks reports. Four analysts have provided estimates for QCR’s earnings, with the lowest sales estimate coming in at $47.30 million and the highest estimate coming in at $50.87 million. QCR reported sales of $40.94 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.3%. The company is expected to issue its next quarterly earnings results on Wednesday, April 17th.
On average, analysts expect that QCR will report full-year sales of $203.28 million for the current year, with estimates ranging from $196.90 million to $207.90 million. For the next fiscal year, analysts forecast that the business will post sales of $216.65 million, with estimates ranging from $210.50 million to $222.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover QCR.
QCR (NASDAQ:QCRH) last released its quarterly earnings data on Thursday, January 24th. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. QCR had a return on equity of 11.73% and a net margin of 19.21%. The company had revenue of $54.87 million for the quarter, compared to analyst estimates of $48.73 million.
Several research analysts have commented on the company. Zacks Investment Research lowered QCR from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Maxim Group reaffirmed a “buy” rating and set a $43.00 target price on shares of QCR in a research report on Monday, January 28th. BidaskClub lowered QCR from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. Raymond James dropped their target price on QCR from $49.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 31st. Finally, ValuEngine raised QCR from a “strong sell” rating to a “sell” rating in a research report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.00.
In other news, CFO Todd A. Gipple acquired 2,564 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was purchased at an average cost of $33.80 per share, with a total value of $86,663.20. Following the completion of the acquisition, the chief financial officer now directly owns 42,395 shares in the company, valued at $1,432,951. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Lawrence Peterson acquired 20,000 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was purchased at an average cost of $33.51 per share, with a total value of $670,200.00. Following the completion of the acquisition, the director now owns 251,477 shares of the company’s stock, valued at $8,426,994.27. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 23,166 shares of company stock worth $777,211. Corporate insiders own 8.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in QCR by 7.3% in the second quarter. BlackRock Inc. now owns 1,119,175 shares of the bank’s stock valued at $53,102,000 after acquiring an additional 76,115 shares during the period. Vanguard Group Inc. boosted its stake in QCR by 4.1% in the third quarter. Vanguard Group Inc. now owns 603,887 shares of the bank’s stock valued at $24,670,000 after acquiring an additional 23,735 shares during the period. Vanguard Group Inc boosted its stake in QCR by 4.1% in the third quarter. Vanguard Group Inc now owns 603,887 shares of the bank’s stock valued at $24,670,000 after acquiring an additional 23,735 shares during the period. Renaissance Technologies LLC boosted its stake in QCR by 1.4% in the third quarter. Renaissance Technologies LLC now owns 518,100 shares of the bank’s stock valued at $21,164,000 after acquiring an additional 7,400 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in QCR by 14.0% in the third quarter. Dimensional Fund Advisors LP now owns 510,487 shares of the bank’s stock valued at $20,853,000 after acquiring an additional 62,827 shares during the period. 58.56% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:QCRH traded up $0.22 during mid-day trading on Monday, hitting $34.34. The company had a trading volume of 30,959 shares, compared to its average volume of 30,402. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.01 and a quick ratio of 1.01. QCR has a 1 year low of $30.15 and a 1 year high of $49.60. The firm has a market capitalization of $534.79 million, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.95 and a beta of 0.70.
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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