QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Friday, November 16th, Wall Street Journal reports. Stockholders of record on Friday, December 21st will be paid a dividend of 0.06 per share by the bank on Wednesday, January 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, December 20th.
QCR has raised its dividend payment by an average of 33.4% annually over the last three years and has increased its dividend every year for the last 2 years. QCR has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect QCR to earn $3.65 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 6.6%.
Shares of NASDAQ QCRH opened at $32.39 on Wednesday. QCR has a 1 year low of $31.93 and a 1 year high of $49.60. The stock has a market cap of $520.53 million, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.10 and a beta of 0.50. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.01 and a current ratio of 1.01.
In other news, CFO Todd A. Gipple acquired 2,564 shares of the stock in a transaction that occurred on Tuesday, December 11th. The stock was purchased at an average cost of $33.80 per share, with a total value of $86,663.20. Following the completion of the acquisition, the chief financial officer now directly owns 42,395 shares in the company, valued at $1,432,951. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Lawrence Peterson acquired 20,000 shares of the stock in a transaction that occurred on Thursday, December 13th. The stock was purchased at an average cost of $33.51 per share, with a total value of $670,200.00. Following the completion of the acquisition, the director now owns 251,477 shares of the company’s stock, valued at $8,426,994.27. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 23,144 shares of company stock valued at $777,282. 8.80% of the stock is owned by corporate insiders.
A number of analysts have recently issued reports on QCRH shares. ValuEngine raised QCR from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th. BidaskClub lowered QCR from a “sell” rating to a “strong sell” rating in a research report on Friday, October 19th. Raymond James dropped their target price on QCR from $49.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 31st. Finally, Piper Jaffray Companies set a $45.00 target price on QCR and gave the stock a “buy” rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. QCR has an average rating of “Buy” and a consensus price target of $50.83.
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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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