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

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Friday, November 22nd,RTT News reports. Shareholders 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 yield of 0.26%.

QCR has a payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of QCRH stock opened at $90.94 on Friday. The firm’s 50 day moving average price is $79.67 and its two-hundred day moving average price is $69.91. 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 52-week low of $49.47 and a 52-week high of $93.72. The stock has a market cap of $1.53 billion, a PE ratio of 13.20 and a beta of 0.93.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.29. The business had revenue of $152.58 million for 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 period last year, the company earned $1.51 EPS. As a group, analysts forecast that QCR will post 6.73 EPS for the current year.

Insider Transactions at QCR

In related news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the sale, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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 note on Monday, July 29th.

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.