QCR Holdings, Inc. (NASDAQ:QCRH) to Issue Quarterly Dividend of $0.06

QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Friday, November 22nd,RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.06 per share by the bank on Friday, January 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.26%.

QCR has a dividend payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Research 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 $92.67 on Friday. QCR has a 52-week low of $49.47 and a 52-week high of $93.72. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.56 billion, a P/E ratio of 13.45 and a beta of 0.93. The business’s 50-day moving average price is $80.02 and its 200 day moving average price is $70.06.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. The business had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 12.92%. During the same period in the previous year, the firm earned $1.51 EPS. As a group, sell-side analysts predict 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 company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now owns 782 shares in the company, valued at approximately $64,069.26. This represents a 46.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 reaffirmed an “outperform” rating and set a $82.00 target price (up from $70.00) on shares of QCR in a report 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.