QCR (NASDAQ:QCRH) Releases Earnings Results, Beats Estimates By $0.34 EPS

QCR (NASDAQ:QCRH) issued its quarterly earnings results on Wednesday. The bank reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.34, Zacks reports. QCR had a return on equity of 13.23% and a net margin of 19.92%. The company had revenue of $150.64 million during the quarter, compared to analyst estimates of $82.20 million. During the same period in the previous year, the company earned $1.69 earnings per share.

QCR Stock Performance

Shares of QCRH stock traded up $4.82 during trading hours on Thursday, reaching $75.06. 179,651 shares of the company’s stock were exchanged, compared to its average volume of 57,515. QCR has a fifty-two week low of $45.83 and a fifty-two week high of $75.71. The stock has a market capitalization of $1.26 billion, a P/E ratio of 11.19 and a beta of 0.96. The business has a fifty day moving average price of $59.76 and a 200-day moving average price of $58.17. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 0.54.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.32%. QCR’s dividend payout ratio (DPR) is presently 3.58%.

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.