QCR Holdings, Inc. Plans 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 given a dividend of 0.06 per share by the bank on Friday, January 3rd. This represents a $0.24 annualized dividend and a yield of 0.26%.

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

NASDAQ QCRH opened at $90.94 on Friday. QCR has a 1 year low of $49.47 and a 1 year high of $93.72. The business’s fifty day moving average is $79.67 and its two-hundred day moving average is $69.91. The stock has a market capitalization of $1.53 billion, a P/E ratio of 13.20 and a beta of 0.93. 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 posted its quarterly earnings data 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 firm had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same quarter in the previous year, the company earned $1.51 EPS. On average, research analysts forecast that QCR will post 6.73 earnings per share for the current fiscal year.

Insider Transactions at QCR

In other 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 completion of the sale, the chief accounting officer now directly owns 782 shares in the company, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.