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

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QCR Holdings, Inc. (NASDAQ:QCRH) was the recipient of a significant growth in short interest in November. As of November 29th, there was short interest totalling 99,600 shares, a growth of 16.9% from the November 14th total of 85,200 shares. Based on an average daily volume of 46,500 shares, the short-interest ratio is currently 2.1 days. Approximately 0.7% of the company’s stock are short sold.

QCRH stock traded down $0.22 during trading hours on Friday, hitting $42.62. The company’s stock had a trading volume of 44,743 shares, compared to its average volume of 36,506. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $666.07 million, a PE ratio of 11.68 and a beta of 0.82. QCR has a 12 month low of $30.15 and a 12 month high of $42.99. The stock has a 50 day moving average price of $41.33 and a two-hundred day moving average price of $37.20.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, October 23rd. The bank reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $60.63 million during the quarter, compared to the consensus estimate of $54.10 million. QCR had a net margin of 19.58% and a return on equity of 11.59%. Sell-side analysts expect that QCR will post 3.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 20th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Thursday, December 19th. QCR’s dividend payout ratio is 7.79%.

In related news, CFO Todd A. Gipple sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $41.40, for a total transaction of $207,000.00. Following the transaction, the chief financial officer now directly owns 44,363 shares of the company’s stock, valued at $1,836,628.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in QCR by 2,981.0% in the third quarter. CWM LLC now owns 647 shares of the bank’s stock worth $25,000 after acquiring an additional 626 shares in the last quarter. Parallel Advisors LLC bought a new stake in QCR in the third quarter worth approximately $30,000. Bank of Montreal Can bought a new stake in QCR in the second quarter worth approximately $43,000. Tower Research Capital LLC TRC grew its position in QCR by 562.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,544 shares of the bank’s stock worth $58,000 after acquiring an additional 1,311 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in QCR by 25.4% in the second quarter. JPMorgan Chase & Co. now owns 4,053 shares of the bank’s stock worth $140,000 after acquiring an additional 820 shares in the last quarter. 60.77% of the stock is owned by institutional investors.

A number of research analysts recently commented on the stock. Stephens set a $45.00 price objective on shares of QCR and gave the company a “buy” rating in a research report on Friday, October 25th. Zacks Investment Research downgraded shares of QCR from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine raised shares of QCR from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. Finally, BidaskClub raised shares of QCR from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $42.00.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.

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