QCR (NASDAQ:QCRH) Issues Earnings Results, Beats Expectations By $0.29 EPS

QCR (NASDAQ:QCRH) announced 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 firm had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. QCR had a return on equity of 12.90% and a net margin of 19.37%. During the same period last year, the company earned $1.51 earnings per share.

QCR Trading Up 0.6 %

Shares of QCR stock traded up $0.50 during trading on Friday, hitting $78.66. 72,594 shares of the company 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. The firm has a market capitalization of $1.32 billion, a P/E ratio of 11.55 and a beta of 0.94. The firm’s fifty day moving average price is $75.35 and its 200 day moving average price is $65.95. QCR has a 1-year low of $45.83 and a 1-year high of $82.00.

QCR Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s payout ratio is 3.58%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $82.00 price target (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.