QCR Holdings, Inc. (QCRH) To Go Ex-Dividend on March 19th

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Thursday, March 19th will be given 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 yield of 0.5%. The ex-dividend date 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 5.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect QCR to earn $7.49 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 5.3%.

QCR Stock Performance

NASDAQ:QCRH opened at $82.64 on Tuesday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 11.00 and a beta of 0.82. QCR has a fifty-two week low of $60.83 and a fifty-two week high of $96.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average price of $88.18 and a 200-day moving average price of $82.07.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. QCR had a return on equity of 12.13% and a net margin of 21.07%.The company had revenue of $107.02 million for the quarter, compared to analysts’ expectations of $106.87 million. As a group, equities analysts anticipate that QCR will post 6.82 EPS for the current fiscal year.

Analyst Ratings Changes

QCRH has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $108.00 price target (up from $105.00) on shares of QCR in a report on Friday, January 30th. DA Davidson boosted their price objective on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Zacks Research downgraded QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $103.00 target price on shares of QCR in a research note on Friday, January 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.25.

QCR Company Profile

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.