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

QCR Holdings, Inc. (NASDAQ:QCRH) was the target of a large growth in short interest during 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 short-interest ratio is currently 2.2 days.

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 that occurred on Monday, February 5th. The shares were purchased at an average cost of $56.00 per share, with a total value of $56,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,601 shares in the company, valued at $2,049,656. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On QCR

Several hedge funds and other institutional investors have recently made changes to their positions in QCRH. Comerica Bank grew its holdings in QCR by 1.3% in the 4th quarter. Comerica Bank now owns 27,328 shares of the bank’s stock valued at $1,596,000 after buying an additional 344 shares in the last quarter. Teacher Retirement System of Texas increased its position in QCR by 5.4% during the fourth quarter. Teacher Retirement System of Texas now owns 10,600 shares of the bank’s stock worth $619,000 after purchasing an additional 540 shares during the last quarter. BKM Wealth Management LLC purchased a new position in QCR during the fourth quarter worth about $33,000. Rafferty Asset Management LLC boosted its holdings in 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 purchasing an additional 647 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of QCR by 2.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 30,406 shares of the bank’s stock valued at $1,847,000 after buying an additional 716 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Down 2.3 %

NASDAQ QCRH opened at $56.21 on Friday. The business has a fifty day moving average price of $57.18 and a 200 day moving average price of $55.22. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $944.33 million, a P/E ratio of 8.38 and a beta of 0.95. QCR has a one year low of $35.14 and a one year high of $62.94.

QCR (NASDAQ:QCRH) last issued its earnings results on Tuesday, April 23rd. The bank reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.27. The business had revenue of $141.91 million during the quarter, compared to analysts’ expectations of $82.83 million. QCR had a net margin of 19.92% and a return on equity of 13.47%. During the same period in the prior year, the business earned $1.65 earnings per share. Research analysts anticipate that QCR will post 5.73 EPS for the current fiscal year.

QCR Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on QCRH shares. Piper Sandler upped their target price on QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Raymond James increased their price objective on shares of QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, January 29th. 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 note on Thursday, January 25th.

QCR Company Profile

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.