QCR Holdings, Inc. (NASDAQ:QCRH) Plans Dividend Increase – $0.15 Per Share

QCR Holdings, Inc. (NASDAQ:QCRH – Get Free Report) announced a quarterly dividend on Monday, August 24th. 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 5.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect QCR to earn $8.94 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 4.5%.

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QCR Stock Down 0.3%

NASDAQ QCRH traded down $0.33 during trading on Monday, reaching $100.90. 144,343 shares of the company’s stock were exchanged, compared to its average volume of 110,848. The company has a 50 day moving average price of $99.50 and a two-hundred day moving average price of $92.93. The stock has a market cap of $1.65 billion, a P/E ratio of 11.93 and a beta of 0.74. QCR has a 1 year low of $66.65 and a 1 year high of $108.11. 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 (NASDAQ:QCRH – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, beating the consensus estimate of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The company had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. On average, equities research analysts anticipate that QCR will post 8.5 EPS for the current fiscal year.

QCR Company Profile

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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.

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