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

QCR (NASDAQ:QCRH) issued its quarterly earnings data on Wednesday. The bank reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29, Yahoo Finance reports. The company had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. QCR had a net margin of 19.37% and a return on equity of 12.90%. During the same quarter in the previous year, the firm posted $1.51 earnings per share.

QCR Stock Up 0.6 %

Shares of QCRH stock traded up $0.50 during trading hours on Friday, reaching $78.66. 72,594 shares of the company’s stock were exchanged, compared to its average volume of 60,992. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 11.55 and a beta of 0.94. QCR has a fifty-two week low of $45.83 and a fifty-two week high of $82.00. The stock’s 50 day moving average is $75.35 and its 200-day moving average is $65.95.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s dividend payout ratio is currently 3.58%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and set a $82.00 price objective (up from $70.00) on shares of QCR in a research note on Monday, July 29th.

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.