Short Interest in QCR Holdings, Inc. (NASDAQ:QCRH) Increases By 36.1%

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 daily trading volume, of 57,700 shares, the days-to-cover ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

QCRH has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on shares of QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Piper Sandler raised their price objective on shares of QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Raymond James boosted their target price on QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, January 29th.

Insider Buying and Selling at QCR

In related news, CEO Larry J. Helling bought 1,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $56.00 per share, with a total value of $56,000.00. Following the acquisition, the chief executive officer now owns 36,601 shares in the company, valued at approximately $2,049,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On QCR

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank boosted its position in shares of QCR by 1.3% in the 4th quarter. Comerica Bank now owns 27,328 shares of the bank’s stock worth $1,596,000 after purchasing an additional 344 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in QCR by 5.4% during the fourth quarter. Teacher Retirement System of Texas now owns 10,600 shares of the bank’s stock valued at $619,000 after purchasing an additional 540 shares during the period. BKM Wealth Management LLC bought a new stake in QCR in the fourth quarter valued at approximately $33,000. Rafferty Asset Management LLC increased its position in shares of QCR by 6.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 10,868 shares of the bank’s stock valued at $527,000 after buying an additional 647 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in QCR by 2.4% in the first quarter. Assenagon Asset Management S.A. now owns 30,406 shares of the bank’s stock valued at $1,847,000 after acquiring an additional 716 shares during the period. 70.01% of the stock is owned by institutional investors.

QCR Price Performance

Shares of QCRH stock opened at $55.50 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $932.40 million, a price-to-earnings ratio of 8.27 and a beta of 0.95. The firm’s 50 day moving average is $57.15 and its 200-day moving average is $55.30. QCR has a 1 year low of $35.14 and a 1 year high of $62.94.

QCR (NASDAQ:QCRH) last released its earnings results on Tuesday, April 23rd. The bank reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.27. The company had revenue of $141.91 million during the quarter, compared to the consensus estimate of $82.83 million. QCR had a return on equity of 13.47% and a net margin of 19.92%. During the same quarter in the previous year, the company posted $1.65 earnings per share. Sell-side analysts forecast that QCR will post 5.73 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis 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.