QCR Holdings, Inc. (QCRH) to Issue Quarterly Dividend of $0.10 on July 3rd

QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, June 18th will be given a dividend of 0.10 per share by the bank on Friday, July 3rd. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, June 18th.

QCR has a dividend payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect QCR to earn $8.68 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 4.6%.

QCR Stock Performance

QCR stock opened at $94.71 on Tuesday. QCR has a 12-month low of $63.68 and a 12-month high of $97.25. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. The firm’s fifty day moving average price is $91.10 and its 200 day moving average price is $88.12.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.54%. The firm had revenue of $89.52 million for the quarter, compared to the consensus estimate of $105.42 million. On average, research analysts forecast that QCR will post 8.13 EPS for the current fiscal year.

Insider Activity

In other news, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the completion of the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Klein sold 310 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the sale, the insider directly owned 428 shares of the company’s stock, valued at $38,948. The trade was a 42.01% decrease in their position. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QCR

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of QCR by 101.5% in the 1st quarter. Bank of America Corp DE now owns 42,709 shares of the bank’s stock worth $3,649,000 after purchasing an additional 21,517 shares during the last quarter. Rhino Investment Partners Inc increased its position in shares of QCR by 122.1% in the 1st quarter. Rhino Investment Partners Inc now owns 133,324 shares of the bank’s stock worth $11,393,000 after purchasing an additional 73,308 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of QCR by 25.4% in the 1st quarter. Quantinno Capital Management LP now owns 4,537 shares of the bank’s stock worth $388,000 after purchasing an additional 918 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of QCR by 1.9% in the 1st quarter. Lazard Asset Management LLC now owns 18,827 shares of the bank’s stock worth $1,609,000 after purchasing an additional 354 shares during the last quarter. Finally, Lido Advisors LLC increased its position in shares of QCR by 28.6% in the 1st quarter. Lido Advisors LLC now owns 23,500 shares of the bank’s stock worth $2,008,000 after purchasing an additional 5,233 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

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.