QCR Holdings, Inc. (NASDAQ:QCRH) Raises Dividend to $0.10 Per Share

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Thursday, March 19th will be paid a dividend of 0.10 per share by the bank on Friday, April 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, March 19th. This is a 66.7% increase from QCR’s previous quarterly dividend of $0.06.

QCR has a payout ratio of 3.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect QCR to earn $7.49 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 3.2%.

QCR Stock Performance

Shares of QCRH stock traded up $0.58 during trading hours on Friday, hitting $92.39. 40,346 shares of the company were exchanged, compared to its average volume of 82,344. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.30 and a beta of 0.82. The firm has a fifty day simple moving average of $87.71 and a 200 day simple moving average of $80.63. QCR has a 52-week low of $60.83 and a 52-week high of $96.00.

QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.25. The firm had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. Research analysts predict that QCR will post 6.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

QCRH has been the topic of several recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $103.00 target price on shares of QCR in a report on Friday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Piper Sandler restated an “overweight” rating and issued a $108.00 price objective (up previously from $105.00) on shares of QCR in a research report on Friday, January 30th. Weiss Ratings raised shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Finally, DA Davidson increased their target price on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.25.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.