QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Wednesday, August 19th, Zacks reports. Shareholders of record on Friday, September 18th will be given a dividend of 0.06 per share by the bank on Wednesday, October 7th. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, September 17th.
QCR has increased its dividend payment by 50.0% over the last three years and has increased its dividend annually for the last 1 consecutive years. QCR has a payout ratio of 7.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect QCR to earn $3.07 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 7.8%.
QCR stock opened at $29.68 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $30.63 and a two-hundred day moving average price of $29.84. The firm has a market capitalization of $468.71 million, a price-to-earnings ratio of 8.50 and a beta of 1.09. QCR has a 52-week low of $22.39 and a 52-week high of $44.76.
QCR (NASDAQ:QCRH) last posted its earnings results on Monday, July 27th. The bank reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.22. The firm had revenue of $69.57 million during the quarter, compared to analyst estimates of $54.81 million. QCR had a net margin of 18.59% and a return on equity of 10.74%. Research analysts expect that QCR will post 3.49 earnings per share for the current year.
A number of research analysts have issued reports on QCRH shares. ValuEngine raised shares of QCR from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 9th. BidaskClub lowered shares of QCR from a “sell” rating to a “strong sell” rating in a research note on Friday, June 26th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. QCR has an average rating of “Hold” and an average target price of $46.33.
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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