QCR Holdings, Inc. (NASDAQ:QCRH) Increases Dividend to $0.10 Per Share

QCR Holdings, Inc. (NASDAQ:QCRH) declared a quarterly dividend on Thursday, February 19th. 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) annualized dividend and a yield of 0.4%. 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 dividend payout ratio of 3.4% meaning 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 $0.24 annual dividend with an expected future payout ratio of 3.2%.

QCR Trading Up 0.6%

Shares of QCR stock traded up $0.51 during trading hours on Friday, hitting $92.32. The company’s stock had a trading volume of 43,855 shares, compared to its average volume of 82,668. The company has a market capitalization of $1.55 billion, a PE ratio of 12.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50 day moving average of $87.71 and a 200 day moving average of $80.63. QCR has a 12 month low of $60.83 and a 12 month high of $96.00.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.25. QCR had a return on equity of 12.30% and a net margin of 21.07%.The business had revenue of $107.02 million for the quarter, compared to analysts’ expectations of $106.87 million. Analysts predict that QCR will post 6.82 earnings per share for the current year.

Insider Transactions at QCR

In related news, CFO Todd A. Gipple sold 8,590 shares of QCR stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the sale, the chief financial officer owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of QCR

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in QCR by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock worth $2,744,000 after buying an additional 6,607 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in QCR by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock worth $694,000 after acquiring an additional 403 shares during the period. Millennium Management LLC increased its position in QCR by 124.5% during the first quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock worth $7,031,000 after acquiring an additional 54,678 shares during the period. Jane Street Group LLC raised its stake in QCR by 106.5% in the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock worth $2,143,000 after purchasing an additional 15,501 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in QCR by 8.6% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 27,616 shares of the bank’s stock valued at $1,875,000 after purchasing an additional 2,195 shares during the period. 70.01% of the stock is currently owned by institutional investors.

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.