QCR Holdings, Inc. to Issue Quarterly Dividend of $0.06 (NASDAQ:QCRH)

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.06 per share by the bank on Thursday, April 3rd. This represents a $0.24 annualized dividend and a yield of 0.31%.

QCR has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect QCR to earn $7.49 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 3.2%.

QCR Trading Down 0.1 %

Shares of QCRH stock opened at $76.58 on Friday. The firm has a 50-day moving average price of $79.49 and a 200 day moving average price of $79.82. QCR has a twelve month low of $54.37 and a twelve month high of $96.08. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.41 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Research analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the transaction, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.