QCR Holdings, Inc. (NASDAQ:QCRH – Get Free Report) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Wednesday, March 19th will be given a dividend of 0.06 per share by the bank on Thursday, April 3rd. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date is Wednesday, March 19th.
QCR has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 2.2 %
NASDAQ QCRH opened at $73.72 on Monday. The stock’s 50-day moving average price is $76.96 and its 200-day moving average price is $80.00. The company has a market capitalization of $1.25 billion, a P/E ratio of 10.99 and a beta of 0.98. 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 has a 52 week low of $54.37 and a 52 week high of $96.08.
Insiders Place Their Bets
In other news, EVP Nicole A. Lee acquired 1,094 shares of the firm’s stock in a transaction on 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 completion of the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by insiders.
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.
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