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

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 paid 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 yield of 0.26%.

QCR has a dividend payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of QCRH stock opened at $92.67 on Friday. The stock has a fifty day moving average of $80.39 and a 200 day moving average of $70.30. QCR has a 52 week low of $49.47 and a 52 week high of $93.72. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 13.45 and a beta of 0.93. 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 (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating the consensus estimate of $1.49 by $0.29. The business had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same quarter last year, the firm posted $1.51 earnings per share. As a group, research analysts expect that QCR will post 6.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the firm’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 transaction, the chief accounting officer now owns 782 shares of the company’s stock, valued at approximately $64,069.26. This trade represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.