QCR (NASDAQ:QCRH) Issues Earnings Results, Beats Estimates By $0.29 EPS

QCR (NASDAQ:QCRH) released its quarterly earnings data on Wednesday. The bank reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29, Yahoo Finance reports. The business had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. QCR had a net margin of 19.37% and a return on equity of 12.90%. During the same period in the prior year, the company earned $1.51 EPS.

QCR Trading Up 0.6 %

QCRH traded up $0.50 during trading on Friday, reaching $78.66. 72,594 shares of the company’s stock were exchanged, compared to its average volume of 60,992. QCR has a one year low of $45.83 and a one year high of $82.00. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $1.32 billion, a PE ratio of 11.55 and a beta of 0.94. The firm has a fifty day moving average price of $75.35 and a two-hundred day moving average price of $65.95.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s payout ratio is 3.58%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $82.00 price objective (up from $70.00) on shares of QCR in a research report on Monday, July 29th.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.