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

QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Wednesday, August 21st, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.06 per share by the bank on Wednesday, October 2nd. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, September 13th.

QCR has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect QCR to earn $6.57 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 3.7%.

QCR Price Performance

QCRH stock opened at $73.36 on Thursday. The stock’s 50 day moving average price is $70.88 and its 200 day moving average price is $62.03. The firm has a market cap of $1.24 billion, a P/E ratio of 10.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04. QCR has a 1 year low of $45.83 and a 1 year high of $79.61.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.34. The firm had revenue of $150.64 million during the quarter, compared to the consensus estimate of $82.20 million. QCR had a net margin of 19.37% and a return on equity of 12.90%. During the same quarter in the previous year, the company posted $1.69 EPS. On average, sell-side analysts expect that QCR will post 6.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $82.00 price target (up previously from $70.00) on shares of QCR in a report on Monday, July 29th.

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.