Brokerages expect QCR Holdings, Inc. (NASDAQ:QCRH) to announce $54.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for QCR’s earnings. The lowest sales estimate is $52.70 million and the highest is $58.00 million. QCR reported sales of $55.08 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.5%. The firm is scheduled to announce its next earnings results on Tuesday, July 28th.
According to Zacks, analysts expect that QCR will report full-year sales of $224.73 million for the current financial year, with estimates ranging from $219.40 million to $234.00 million. For the next fiscal year, analysts forecast that the business will post sales of $216.83 million, with estimates ranging from $210.20 million to $227.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for QCR.
QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, April 28th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The business had revenue of $52.89 million for the quarter, compared to analyst estimates of $53.47 million. QCR had a net margin of 18.89% and a return on equity of 11.02%.
NASDAQ QCRH traded down $1.70 during midday trading on Friday, hitting $28.20. The company had a trading volume of 104,209 shares, compared to its average volume of 60,695. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $29.78 and a two-hundred day simple moving average of $34.90. QCR has a fifty-two week low of $22.39 and a fifty-two week high of $44.76. The stock has a market cap of $444.83 million, a price-to-earnings ratio of 8.10 and a beta of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Friday, June 19th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, June 18th. QCR’s dividend payout ratio is currently 6.56%.
In other news, Director James M. Field acquired 1,810 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $27.76 per share, for a total transaction of $50,245.60. 6.90% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in QCRH. First Trust Advisors LP boosted its holdings in shares of QCR by 20.7% in the first quarter. First Trust Advisors LP now owns 48,899 shares of the bank’s stock valued at $1,659,000 after buying an additional 8,381 shares during the period. California Public Employees Retirement System boosted its holdings in shares of QCR by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 24,027 shares of the bank’s stock valued at $1,054,000 after buying an additional 675 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of QCR by 74.0% in the fourth quarter. Russell Investments Group Ltd. now owns 35,286 shares of the bank’s stock valued at $1,546,000 after buying an additional 15,011 shares during the period. Rhumbline Advisers boosted its holdings in shares of QCR by 1.4% in the fourth quarter. Rhumbline Advisers now owns 22,630 shares of the bank’s stock valued at $993,000 after buying an additional 302 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of QCR by 3.2% in the fourth quarter. Swiss National Bank now owns 28,739 shares of the bank’s stock valued at $1,260,000 after buying an additional 900 shares during the period. Institutional investors own 60.83% 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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