QCR Holdings, Inc. (QCRH) to Issue Quarterly Dividend of $0.15 on October 5th

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Thursday, August 20th. Stockholders 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) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend 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% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Shares of QCRH stock opened at $102.73 on Wednesday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98. QCR has a one year low of $66.65 and a one year high of $108.11. The company’s 50-day moving average is $101.28 and its 200 day moving average is $94.05.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.28. The business had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 12.87%. Sell-side analysts expect that QCR will post 8.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

QCRH has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Piper Sandler reissued an “overweight” rating and issued a $123.00 target price (up from $107.00) on shares of QCR in a report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Finally, DA Davidson boosted their price target on QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.75.

QCR Company Profile

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.