QCR Holdings, Inc. (NASDAQ:QCRH) Short Interest Update

QCR Holdings, Inc. (NASDAQ:QCRH) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 125,200 shares, a growth of 36.1% from the March 31st total of 92,000 shares. Based on an average trading volume of 57,700 shares, the short-interest ratio is currently 2.2 days.

Insiders Place Their Bets

In other news, CEO Larry J. Helling acquired 1,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $56.00 per share, for a total transaction of $56,000.00. Following the acquisition, the chief executive officer now directly owns 36,601 shares in the company, valued at approximately $2,049,656. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On QCR

Several large investors have recently added to or reduced their stakes in the stock. BKM Wealth Management LLC bought a new stake in shares of QCR during the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC bought a new stake in shares of QCR during the third quarter valued at about $50,000. SG Americas Securities LLC acquired a new stake in QCR in the third quarter worth about $146,000. Northwest Bank & Trust Co acquired a new position in QCR during the 4th quarter valued at about $204,000. Finally, Summit Financial Strategies Inc. bought a new stake in shares of QCR during the 4th quarter worth about $211,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James boosted their target price on shares of QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Piper Sandler raised their price target on shares of QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th.

QCR Stock Down 1.3 %

Shares of NASDAQ:QCRH opened at $55.50 on Tuesday. The company’s fifty day moving average is $57.15 and its two-hundred day moving average is $55.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.04. QCR has a 1-year low of $35.14 and a 1-year high of $62.94. The stock has a market capitalization of $932.40 million, a price-to-earnings ratio of 8.27 and a beta of 0.95.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.27. QCR had a net margin of 19.92% and a return on equity of 13.47%. The firm had revenue of $141.91 million for the quarter, compared to analyst estimates of $82.83 million. During the same quarter in the prior year, the business earned $1.65 earnings per share. Equities analysts anticipate that QCR will post 5.73 EPS for the current year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, March 14th. QCR’s dividend payout ratio (DPR) is 3.58%.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.