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

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 0.31%.

QCR has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 0.1 %

QCR stock opened at $76.58 on Friday. QCR has a 1 year low of $54.37 and a 1 year high of $96.08. The firm’s 50-day moving average is $79.73 and its 200-day moving average is $79.71. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market cap of $1.29 billion, a P/E ratio of 11.41 and a beta of 0.97.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating 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 expect that QCR will post 6.82 earnings per share for the current year.

Insider Buying and Selling

In other QCR news, EVP Nicole A. Lee purchased 1,094 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares in the company, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by company 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.