QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Wednesday, February 13th, Zacks reports. Stockholders of record on Friday, March 15th will be given a dividend of 0.06 per share by the bank on Wednesday, April 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, March 14th.
QCR has increased its dividend by an average of 42.2% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. QCR has a dividend payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Analysts expect QCR to earn $3.79 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 6.3%.
Shares of NASDAQ:QCRH opened at $34.54 on Wednesday. The firm has a market capitalization of $537.62 million, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.03 and a beta of 0.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.03. QCR has a 52 week low of $30.15 and a 52 week high of $49.60.
In other news, Director Michael Lawrence Peterson purchased 20,000 shares of the stock in a transaction on Thursday, December 13th. The stock was purchased at an average price of $33.51 per share, with a total value of $670,200.00. Following the completion of the transaction, the director now owns 251,477 shares in the company, valued at $8,426,994.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is currently owned by insiders.
A number of equities research analysts have recently commented on QCRH shares. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. Maxim Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of QCR in a research report on Monday, January 28th. Zacks Investment Research downgraded QCR from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, ValuEngine downgraded QCR from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. QCR has a consensus rating of “Hold” and a consensus price target of $44.00.
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QCR Company Profile
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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