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

QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.06 per share by the bank on Thursday, April 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%.

QCR has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ QCRH opened at $76.58 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR has a 1-year low of $54.37 and a 1-year high of $96.08. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.41 and a beta of 0.97. The business has a 50-day moving average of $79.73 and a 200-day moving average of $79.71.

QCR (NASDAQ:QCRH) last released 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 return on equity of 12.68% and a net margin of 19.06%. On average, equities analysts anticipate that QCR will post 6.82 EPS for the current fiscal year.

Insider Buying and Selling

In other QCR news, EVP Nicole A. Lee acquired 1,094 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the acquisition, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at $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 can be accessed through this link. 3.70% of the stock is currently owned by insiders.

QCR Company Profile

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.