$49.52 Million in Sales Expected for QCR Holdings, Inc. (QCRH) This Quarter

Equities research analysts predict that QCR Holdings, Inc. (NASDAQ:QCRH) will announce $49.52 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for QCR’s earnings, with the highest sales estimate coming in at $50.87 million and the lowest estimate coming in at $48.43 million. QCR posted sales of $40.94 million in the same quarter last year, which would indicate a positive year over year growth rate of 21%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, April 24th.

On average, analysts expect that QCR will report full-year sales of $204.73 million for the current financial year, with estimates ranging from $202.00 million to $207.90 million. For the next year, analysts forecast that the business will post sales of $218.40 million, with estimates ranging from $212.80 million to $222.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for QCR.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Thursday, January 24th. The bank reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. QCR had a return on equity of 11.18% and a net margin of 19.21%. The firm had revenue of $54.87 million during the quarter, compared to the consensus estimate of $48.73 million.

QCRH has been the subject of several recent research reports. Maxim Group reaffirmed a “buy” rating and set a $43.00 price target on shares of QCR in a report on Monday, January 28th. Zacks Investment Research downgraded QCR from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. BidaskClub raised QCR from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Finally, ValuEngine downgraded QCR from a “sell” rating to a “strong sell” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.00.

In other QCR news, CEO John H. Anderson sold 3,069 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.20, for a total value of $104,959.80. Following the completion of the sale, the chief executive officer now owns 4,285 shares of the company’s stock, valued at $146,547. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 8.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of 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 buying an additional 62,827 shares in the last quarter. Summit Global Investments increased its position in shares of QCR by 18.2% in the third quarter. Summit Global Investments now owns 16,200 shares of the bank’s stock valued at $662,000 after buying an additional 2,500 shares in the last quarter. IndexIQ Advisors LLC increased its position in shares of QCR by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 50,685 shares of the bank’s stock valued at $2,070,000 after buying an additional 1,914 shares in the last quarter. Strs Ohio increased its position in shares of QCR by 16.7% in the fourth quarter. Strs Ohio now owns 8,700 shares of the bank’s stock valued at $279,000 after buying an additional 1,248 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of QCR by 17.3% in the third quarter. Thrivent Financial for Lutherans now owns 121,723 shares of the bank’s stock valued at $4,972,000 after buying an additional 17,956 shares in the last quarter. 58.07% of the stock is owned by institutional investors.

Shares of NASDAQ QCRH opened at $35.09 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. QCR has a 1-year low of $30.15 and a 1-year high of $49.60. The firm has a market cap of $547.39 million, a P/E ratio of 11.39, a P/E/G ratio of 0.99 and a beta of 0.72.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, March 14th. QCR’s dividend payout ratio (DPR) is currently 7.79%.

About QCR

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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