QCR Holdings, Inc. (QCRH) To Go Ex-Dividend on September 18th

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Friday, September 18th will be given a dividend of 0.15 per share by the bank on Monday, October 5th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, September 18th. This is a 50.0% increase from QCR’s previous quarterly dividend of $0.10.

QCR has a dividend payout ratio of 8.4% meaning its dividend is sufficiently covered by earnings. Analysts expect QCR to earn $8.94 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 6.7%.

QCR Trading Up 0.1%

Shares of QCRH opened at $102.73 on Wednesday. The company’s fifty day simple moving average is $101.28 and its 200-day simple moving average is $94.05. The company has a market cap of $1.68 billion, a P/E ratio of 12.14 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. QCR has a twelve month low of $66.65 and a twelve month high of $108.11.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The firm had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. As a group, analysts expect that QCR will post 8.5 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S purchased a new position in shares of QCR during the second quarter valued at $27,000. Assetmark Inc. raised its holdings in shares of QCR by 50.0% in the first quarter. Assetmark Inc. now owns 675 shares of the bank’s stock valued at $58,000 after acquiring an additional 225 shares in the last quarter. Blue Trust Inc. purchased a new stake in QCR in the first quarter worth about $71,000. Geneos Wealth Management Inc. purchased a new stake in QCR in the first quarter worth about $102,000. Finally, Pinnacle Holdings LLC purchased a new stake in QCR in the second quarter worth about $162,000. Institutional investors own 70.01% of the company’s stock.

About QCR

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.