QCR Holdings, Inc. (QCRH) To Go Ex-Dividend on March 19th

QCR Holdings, Inc. (NASDAQ:QCRH) 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.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. On average, equities research analysts predict that QCR will post 6.82 earnings per share for the current year.

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.