QCR (NASDAQ:QCRH) Issues Earnings Results, Beats Expectations By $0.34 EPS

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

QCR Stock Performance

NASDAQ QCRH traded up $4.82 during mid-day trading on Thursday, reaching $75.06. 179,651 shares of the stock were exchanged, compared to its average volume of 57,515. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.00. The company has a market capitalization of $1.26 billion, a P/E ratio of 11.19 and a beta of 0.96. The business’s 50 day moving average is $59.76 and its 200-day moving average is $58.17. QCR has a 1 year low of $45.83 and a 1 year high of $75.71.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Friday, June 14th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Friday, June 14th. 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.