QCR (NASDAQ:QCRH) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

QCR (NASDAQ:QCRH - Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.01, Zacks reports. The business had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same quarter in the prior year, the company earned $1.59 EPS.

QCR Price Performance

NASDAQ QCRH traded down $0.96 during trading hours on Friday, reaching $64.16. 98,920 shares of the stock traded hands, compared to its average volume of 73,605. The stock has a 50 day simple moving average of $70.49 and a two-hundred day simple moving average of $78.58. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.56 and a beta of 0.81. QCR has a 1 year low of $54.75 and a 1 year high of $96.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. QCR's dividend payout ratio (DPR) is presently 3.61%.

Insider Buying and Selling

In other QCR news, EVP Nicole A. Lee bought 1,094 shares of the stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares of the company's stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James D. Klein sold 630 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares in the company, valued at approximately $31,415.20. The trade was a 59.55 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on QCRH. Keefe, Bruyette & Woods lowered their price target on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday. Piper Sandler reduced their price target on shares of QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Raymond James set a $78.00 price objective on QCR and gave the stock an "outperform" rating in a research note on Thursday.

QCR Company Profile

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.