QCR Holdings, Inc. (NASDAQ:QCRH) Sees Significant Increase in Short Interest

QCR Holdings, Inc. (NASDAQ:QCRH) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 341,504 shares, a growth of 20.0% from the March 31st total of 284,535 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average daily volume of 95,635 shares, the days-to-cover ratio is currently 3.6 days.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. DA Davidson boosted their target price on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings raised shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Piper Sandler cut their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Raymond James Financial reiterated an “outperform” rating and set a $99.00 target price on shares of QCR in a report on Monday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Stock Up 0.5%

Shares of QCRH traded up $0.45 on Friday, hitting $90.87. 117,258 shares of the stock traded hands, compared to its average volume of 105,485. QCR has a one year low of $63.68 and a one year high of $96.00. The company has a market capitalization of $1.52 billion, a PE ratio of 11.39 and a beta of 0.78. The business has a 50 day simple moving average of $87.21 and a 200 day simple moving average of $84.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. The business had revenue of $89.52 million for the quarter, compared to the consensus estimate of $105.42 million. QCR had a return on equity of 12.65% and a net margin of 21.98%. As a group, equities analysts forecast that QCR will post 8.13 earnings per share for the current fiscal year.

QCR Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Thursday, March 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 19th. This is a positive change from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio is 5.01%.

Insider Transactions at QCR

In other QCR news, insider James D. Klein sold 554 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total transaction of $45,705.00. Following the completion of the transaction, the insider owned 738 shares of the company’s stock, valued at $60,885. This represents a 42.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On QCR

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jackson Creek Investment Advisors LLC bought a new stake in shares of QCR in the third quarter worth $1,228,000. Boothbay Fund Management LLC lifted its holdings in QCR by 144.2% in the third quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank’s stock valued at $5,921,000 after acquiring an additional 46,221 shares during the period. Endeavour Capital Advisors Inc. lifted its holdings in QCR by 20.5% in the third quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock valued at $20,155,000 after acquiring an additional 45,389 shares during the period. Schroder Investment Management Group boosted its position in QCR by 86.2% in the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after purchasing an additional 162,482 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of QCR by 715.4% during the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock valued at $30,273,000 after purchasing an additional 351,145 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

QCR Company Profile

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.