QCR (QCRH) Projected to Post Earnings on Tuesday

QCR (NASDAQ:QCRH) is expected to announce its earnings results after the market closes on Tuesday, April 22nd. Analysts expect the company to announce earnings of $1.51 per share and revenue of $94.01 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. On average, analysts expect QCR to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

QCR Stock Up 1.6 %

Shares of NASDAQ QCRH opened at $66.93 on Monday. QCR has a 52-week low of $54.75 and a 52-week high of $96.08. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.97 and a beta of 0.81. The stock has a 50 day moving average price of $71.63 and a 200 day moving average price of $78.94. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR’s dividend payout ratio is 3.58%.

Insider Transactions at QCR

In related news, insider James D. Klein sold 630 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares of the company’s stock, valued at $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nicole A. Lee bought 1,094 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the transaction, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James decreased their price objective on QCR from $95.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd.

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.