QCR Holdings, Inc. (QCRH) to Issue Quarterly Dividend of $0.06 on April 3rd

QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders 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 dividend yield of 0.31%.

QCR has a 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 Price Performance

Shares of NASDAQ QCRH opened at $76.58 on Friday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.41 and a beta of 0.97. QCR has a one year low of $54.37 and a one year high of $96.08. The company’s fifty day moving average is $79.49 and its two-hundred day moving average is $79.82. 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 issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Analysts forecast that QCR will post 6.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Nicole A. Lee purchased 1,094 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at $147,602.07. This represents a 139.01 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.