QCR (NASDAQ:QCRH) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

QCR (NASDAQ:QCRH) posted its quarterly earnings data on Tuesday. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12, FiscalAI reports. The firm had revenue of $99.17 million during the quarter, compared to the consensus estimate of $108.97 million. QCR had a return on equity of 12.71% and a net margin of 23.17%.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $99.47 on Thursday. The business’s 50 day simple moving average is $100.56 and its 200-day simple moving average is $96.75. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 11.56 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.98. QCR has a 12 month low of $70.74 and a 12 month high of $108.11.

QCR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Friday, September 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, September 18th. This is a positive change from QCR’s previous quarterly dividend of $0.10. QCR’s payout ratio is 7.09%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on QCRH shares. DA Davidson lifted their target price on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Stephens assumed coverage on shares of QCR in a research report on Friday, September 18th. They issued an “equal weight” rating and a $107.00 price objective on the stock. Raymond James Financial assumed coverage on shares of QCR in a research report on Thursday, October 1st. They issued an “outperform” rating and a $110.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of QCR in a research report on Friday, October 2nd. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, QCR currently has an average rating of “Moderate Buy” and an average target price of $110.60.

About QCR

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company that provides commercial and consumer banking services through a group of community banking subsidiaries. Its offerings include business and consumer loans, deposit accounts, treasury management, mortgage lending, cash management, and related financial services.

The company serves businesses, individuals, families, and institutions in selected Midwestern markets. Its banking operations have a presence in eastern Iowa, the Quad Cities region of Iowa and Illinois, and communities in Missouri, with a focus on relationship-based commercial banking and local decision-making.

QCR Holdings traces its origins to the early 1990s and has expanded through the development and acquisition of community banks.