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

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) declared a quarterly dividend on Friday, November 22nd,RTT News reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.06 per share by the bank on Friday, January 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%.

QCR has a payout ratio of 3.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect QCR to earn $6.97 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 3.4%.

QCR Price Performance

NASDAQ QCRH traded up $1.73 on Friday, reaching $92.67. 48,596 shares of the stock traded hands, compared to its average volume of 62,254. QCR has a 12 month low of $49.47 and a 12 month high of $93.72. The firm's fifty day simple moving average is $80.02 and its 200 day simple moving average is $70.06. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 13.36 and a beta of 0.93. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The company had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the prior year, the firm earned $1.51 EPS. As a group, research analysts predict that QCR will post 6.73 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other QCR news, CAO Nick W. Anderson sold 675 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares of the company's stock, valued at $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is owned by corporate insiders.

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.