QCR Holdings, Inc. (QCRH) To Go Ex-Dividend on September 14th
QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Tuesday, August 29th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.05 per share by the bank on Wednesday, October 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, September 14th.
QCR Holdings (NASDAQ QCRH) traded up 1.93% on Friday, hitting $42.30. 19,876 shares of the stock were exchanged. QCR Holdings has a one year low of $28.70 and a one year high of $50.00. The company has a market cap of $557.56 million, a P/E ratio of 17.40 and a beta of 0.62. The company’s 50 day moving average price is $44.67 and its 200-day moving average price is $44.78.
QCR Holdings (NASDAQ:QCRH) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.01. QCR Holdings had a net margin of 21.11% and a return on equity of 11.17%. The business had revenue of $34.83 million during the quarter, compared to the consensus estimate of $36.49 million. Equities research analysts predict that QCR Holdings will post $2.72 EPS for the current fiscal year.
In related news, EVP Cathie Whiteside sold 2,675 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.95, for a total value of $122,916.25. Following the completion of the transaction, the executive vice president now directly owns 12,255 shares of the company’s stock, valued at $563,117.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 8,052 shares of company stock valued at $370,937. 8.80% of the stock is owned by company insiders.
Several research firms have recently weighed in on QCRH. ValuEngine cut QCR Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub cut QCR Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods set a $52.00 price objective on QCR Holdings and gave the company a “buy” rating in a research report on Saturday, July 22nd. Finally, Maxim Group reissued a “buy” rating and issued a $53.00 price objective on shares of QCR Holdings in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $47.00.
QCR Holdings Company Profile
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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