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

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) announced a quarterly dividend on Wednesday, May 21st, RTT News reports. Investors of record on Wednesday, June 18th will be given a dividend of 0.06 per share by the bank on Thursday, July 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, June 18th.

QCR has a dividend payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. 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 Performance

QCRH traded down $0.46 during trading hours on Monday, reaching $64.28. The company's stock had a trading volume of 63,269 shares, compared to its average volume of 79,061. 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's 50-day moving average is $66.93 and its 200-day moving average is $74.28. QCR has a 52 week low of $54.75 and a 52 week high of $96.08. The firm has a market cap of $1.09 billion, a PE ratio of 9.58 and a beta of 0.81.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. The company had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same quarter last year, the company posted $1.59 EPS. On average, equities analysts forecast that QCR will post 6.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on QCRH shares. Piper Sandler reduced their target price on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, Raymond James set a $78.00 target price on shares of QCR and gave the company an "outperform" rating in a research report on Thursday, April 24th.

Insider Transactions at QCR

In related news, CEO Larry J. Helling purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the acquisition, the chief executive officer now owns 40,264 shares of the company's stock, valued at $2,598,235.92. This trade represents a 2.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in QCRH. Jane Street Group LLC lifted its stake in QCR by 106.5% during the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank's stock valued at $2,143,000 after acquiring an additional 15,501 shares in the last quarter. Millennium Management LLC lifted its holdings in QCR by 124.5% during the first quarter. Millennium Management LLC now owns 98,583 shares of the bank's stock worth $7,031,000 after acquiring an additional 54,678 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of QCR by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank's stock valued at $694,000 after buying an additional 403 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of QCR by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 38,470 shares of the bank's stock valued at $2,744,000 after buying an additional 6,607 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

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.