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

QCR (NASDAQ:QCRH - Get Free Report) issued its earnings results on Wednesday. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.29, Yahoo Finance reports. QCR had a net margin of 19.37% and a return on equity of 12.90%. The business had revenue of $152.58 million for the quarter, compared to analyst estimates of $84.00 million. During the same period in the prior year, the firm earned $1.51 earnings per share.

QCR Stock Up 0.6 %

Shares of NASDAQ:QCRH traded up $0.50 during midday trading on Friday, hitting $78.66. 72,594 shares of the company's stock were exchanged, compared to its average volume of 60,992. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.00. QCR has a 12 month low of $45.83 and a 12 month high of $82.00. The company has a market cap of $1.32 billion, a PE ratio of 11.72 and a beta of 0.94. The stock has a 50 day moving average price of $75.48 and a 200-day moving average price of $66.09.

QCR Announces Dividend

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

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $82.00 target price (up from $70.00) on shares of QCR in a research note 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.