QCR Holdings declared a $0.06 cash dividend, payable January 3, 2025, for shareholders on record December 13, 2024.
Quiver AI Summary
QCR Holdings, Inc. announced a cash dividend of $0.06 per share, to be paid on January 3, 2025, for common stockholders who are on record as of December 13, 2024. The announcement was made by the company’s Board of Directors on November 20, 2024. QCR Holdings, headquartered in Moline, Illinois, operates through multiple subsidiary banks in various communities including the Quad Cities and Des Moines/Ankeny areas, providing comprehensive commercial and consumer banking services. The company has a total of 36 locations across Iowa, Missouri, Wisconsin, and Illinois, and reported $9.1 billion in assets as of September 30, 2024. For more information, the company's website is available at www.qcrh.com.
Potential Positives
- The declaration of a cash dividend demonstrates financial stability and a commitment to returning value to shareholders.
- The dividend will be payable to shareholders of record, indicating ongoing shareholder confidence and encouraging long-term investment.
- The company maintains a significant asset base of $9.1 billion, which positions it well for future growth and investment opportunities.
- The diverse geographical presence through multiple banks enhances the company's market reach and customer base, contributing to its overall resilience.
Potential Negatives
- The declared cash dividend of $0.06 per share may indicate limited capital being returned to shareholders, which could raise concerns about profitability and cash flow.
- The very low dividend amount may be perceived negatively by investors, potentially signaling that the company is not in a strong financial position to provide more substantial returns.
- No mention of future growth plans or strategic initiatives in the announcement could lead to uncertainty regarding the company's direction and resilience in a competitive market.
FAQ
What is the cash dividend declared by QCR Holdings, Inc.?
QCR Holdings, Inc. declared a cash dividend of $0.06 per share.
When is the payment date for the QCR Holdings dividend?
The dividend will be payable on January 3, 2025.
Who is eligible to receive the QCR Holdings dividend?
Holders of common stock of record on December 13, 2024, are eligible for the dividend.
Where is QCR Holdings, Inc. headquartered?
QCR Holdings, Inc. is headquartered in Moline, Illinois.
How many locations does QCR Holdings operate?
The Company has 36 locations across Iowa, Missouri, Wisconsin, and Illinois.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$QCRH Insider Trading Activity
$QCRH insiders have traded $QCRH stock on the open market 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $QCRH stock by insiders over the last 6 months:
- NICK W ANDERSON (SVP, Chief Accounting Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 675 shares.
- MARIE Z. ZIEGLER purchased 80 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$QCRH Hedge Fund Activity
We have seen 88 institutional investors add shares of $QCRH stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOOTHBAY FUND MANAGEMENT, LLC added 124,113 shares (+inf%) to their portfolio in Q3 2024
- SCHRODER INVESTMENT MANAGEMENT GROUP added 116,719 shares (+inf%) to their portfolio in Q3 2024
- FIRST TRUST ADVISORS LP removed 98,064 shares (-90.6%) from their portfolio in Q3 2024
- FJ CAPITAL MANAGEMENT LLC removed 95,867 shares (-22.2%) from their portfolio in Q3 2024
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 91,045 shares (-39.2%) from their portfolio in Q3 2024
- ENDEAVOUR CAPITAL ADVISORS INC removed 83,792 shares (-25.0%) from their portfolio in Q3 2024
- FMR LLC removed 55,438 shares (-3.7%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MOLINE, Ill., Nov. 22, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced that on November 20, 2024, the Company’s Board of Directors declared a cash dividend of $0.06 per share payable on January 3, 2025, to holders of common stock of the Company of record on December 13, 2024.
About Us
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, Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank in 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. The Company has 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of September 30, 2024, the Company had $9.1 billion in assets, $6.8 billion in loans and $7.0 billion in deposits. For additional information, please visit the Company’s website at
www.qcrh.com
.
Contact:
Todd A. Gipple
President
Chief Financial Officer
(309) 743-7745
[email protected]
