QCR Holdings, Inc. (NASDAQ:QCRH) Plans $0.06 Quarterly Dividend

QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Friday, November 22nd,RTT News reports. Investors of record on Friday, December 13th will be given a dividend of 0.06 per share by the bank on Friday, January 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%.

QCR has a dividend payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect QCR to earn $6.97 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 3.4%.

QCR Trading Up 1.9 %

Shares of QCRH opened at $92.67 on Friday. QCR has a fifty-two week low of $49.47 and a fifty-two week high of $93.72. The company has a market capitalization of $1.56 billion, a PE ratio of 13.45 and a beta of 0.93. The stock has a fifty day moving average of $80.02 and a two-hundred day moving average of $70.06. 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 (NASDAQ:QCRH) last released its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating the consensus estimate of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The firm had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. During the same period in the prior year, the firm posted $1.51 earnings per share. As a group, analysts forecast that QCR will post 6.73 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $82.00 target price (up previously from $70.00) on shares of QCR in a report on Monday, July 29th.

Insider Activity

In related news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were 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 owns 782 shares of the company’s stock, 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 accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

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.