QCR Holding (QCRH) Declares $0.06 Dividend
QCR Holding said on May 18, 2023 that its board of directors declared a regular quarterly dividend of $0.06 per share ($0.24 annualized). Previously, the company paid $0.06 per share.
Shares must be purchased before the ex-div date of June 15, 2023 to qualify for the dividend. Shareholders of record as of June 16, 2023 will receive the payment on July 6, 2023.
At the current share price of $39.06 / share, the stock's dividend yield is 0.61%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.59%, the lowest has been 0.39%, and the highest has been 0.96%. The standard deviation of yields is 0.13 (n=236).
The current dividend yield is 0.22 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.04. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 364 funds or institutions reporting positions in QCR Holding. This is a decrease of 10 owner(s) or 2.67% in the last quarter. Average portfolio weight of all funds dedicated to QCRH is 0.17%, an increase of 1.85%. Total shares owned by institutions decreased in the last three months by 0.60% to 13,331K shares. 
The put/call ratio of QCRH is 1.29, indicating a bearish outlook.
Analyst Price Forecast Suggests 35.27% Upside
As of May 11, 2023, the average one-year price target for QCR Holding is 52.84. The forecasts range from a low of 48.48 to a high of $57.75. The average price target represents an increase of 35.27% from its latest reported closing price of 39.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for QCR Holding is 294MM, a decrease of 7.68%. The projected annual non-GAAP EPS is 7.02.
What are Other Shareholders Doing?
FJ Capital Management holds 657K shares representing 3.93% ownership of the company. In it's prior filing, the firm reported owning 703K shares, representing a decrease of 7.06%. The firm increased its portfolio allocation in QCRH by 86,294.39% over the last quarter.
American Century Companies holds 633K shares representing 3.79% ownership of the company. In it's prior filing, the firm reported owning 612K shares, representing an increase of 3.36%. The firm decreased its portfolio allocation in QCRH by 11.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 507K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 448K shares, representing an increase of 11.74%. The firm increased its portfolio allocation in QCRH by 1.96% over the last quarter.
ASVIX - Small Cap Value Fund Investor Class holds 410K shares representing 2.45% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 385K shares representing 2.30% ownership of the company. In it's prior filing, the firm reported owning 358K shares, representing an increase of 6.94%. The firm decreased its portfolio allocation in QCRH by 5.17% over the last quarter.
QCR Holding Background Information
(This description is provided by the company.)
QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly-owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, and Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company engages in commercial leasing through its wholly-owned subsidiary, m2 Equipment Finance, LLC, based in Milwaukee, Wisconsin, and also provides correspondent banking services. The Company has 24 locations in Iowa, Missouri, Wisconsin and Illinois. As of December 31, 2020, the Company had approximately $5.7 billion in assets, $4.3 billion in loans and $4.6 billion in deposits.
Key filings for this company:
This story originally appeared on Fintel.