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

QCR logo with Finance background

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) declared a quarterly dividend on Wednesday, May 21st, RTT News reports. Investors of record on Wednesday, June 18th will be paid 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 yield of 0.37%. The ex-dividend date of this dividend is Wednesday, June 18th.

QCR has a payout ratio of 3.4% indicating that 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 Trading Down 0.0%

QCRH stock traded down $0.03 during midday trading on Thursday, reaching $64.32. The stock had a trading volume of 75,466 shares, compared to its average volume of 79,515. The business has a fifty day simple moving average of $66.80 and a two-hundred day simple moving average of $73.95. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 9.67 and a beta of 0.81. QCR has a twelve month low of $55.12 and a twelve month high of $96.08.

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 the consensus estimate of $1.52 by $0.01. The company had revenue of $76.88 million during the quarter, compared to analyst estimates of $94.01 million. QCR had a return on equity of 12.03% and a net margin of 19.17%. During the same period in the previous year, the company earned $1.59 EPS. As a group, research analysts expect that QCR will post 6.82 EPS for the current fiscal year.

Insider Activity at QCR

In other QCR news, CEO Larry J. Helling purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the purchase, the chief executive officer now owns 40,264 shares in the company, valued at approximately $2,598,235.92. The trade was a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On QCR

A number of large investors have recently added to or reduced their stakes in QCRH. AQR Capital Management LLC increased its position in QCR by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 38,470 shares of the bank's stock worth $2,744,000 after buying an additional 6,607 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in QCR by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank's stock worth $694,000 after buying an additional 403 shares during the period. Millennium Management LLC increased its position in QCR by 124.5% during the 1st quarter. Millennium Management LLC now owns 98,583 shares of the bank's stock worth $7,031,000 after buying an additional 54,678 shares during the period. Finally, Jane Street Group LLC increased its position in QCR by 106.5% during the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank's stock worth $2,143,000 after buying an additional 15,501 shares during the period. Institutional investors own 70.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Raymond James Financial set a $78.00 price target on QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price target on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Piper Sandler reduced their price target on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a research note on Friday, May 30th.

View Our Latest Analysis on QCR

QCR Company Profile

(Get Free Report)

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.

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Dividend History for QCR (NASDAQ:QCRH)

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