QCR (NASDAQ:QCRH) Releases Earnings Results, Beats Expectations By $0.19 EPS

QCR (NASDAQ:QCRH) posted its earnings results on Wednesday. The bank reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19, Zacks reports. QCR had a return on equity of 12.92% and a net margin of 19.25%.

QCR Price Performance

Shares of NASDAQ QCRH traded down $0.59 during mid-day trading on Wednesday, reaching $80.96. The company had a trading volume of 72,720 shares, compared to its average volume of 90,021. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR has a one year low of $54.37 and a one year high of $96.08. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 11.75 and a beta of 0.98. The business’s 50-day simple moving average is $85.46 and its 200 day simple moving average is $78.48.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Friday, December 13th. QCR’s payout ratio is currently 3.48%.

Insider Buying and Selling

In other QCR news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the transaction, the chief accounting officer now owns 782 shares in the company, valued at $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.70% of the stock is owned by company insiders.

About QCR

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.