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

QCR (NASDAQ:QCRH) released its earnings results on Wednesday. The bank reported $1.93 earnings per share for the quarter, beating 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 QCRH stock opened at $80.96 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. QCR has a twelve month low of $54.37 and a twelve month high of $96.08. The company has a market cap of $1.37 billion, a P/E ratio of 11.75 and a beta of 0.98. The business has a fifty day simple moving average of $85.46 and a 200 day simple moving average of $78.48.

QCR Announces Dividend

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

Insider Buying and Selling

In related news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. This represents a 46.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by corporate insiders.

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.