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

QCR Holdings, Inc. (NASDAQ:QCRH – Get Rating) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 264,100 shares, a drop of 43.5% from the March 31st total of 467,400 shares. Based on an average trading volume of 82,900 shares, the days-to-cover ratio is presently 3.2 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. boosted its stake in shares of QCR by 87.8% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,700 shares of the bank’s stock worth $95,000 after acquiring an additional 795 shares in the last quarter. Accel Wealth Management bought a new stake in shares of QCR during the 4th quarter worth $105,000. Denali Advisors LLC bought a new stake in shares of QCR during the 4th quarter worth $106,000. Royal Bank of Canada boosted its stake in shares of QCR by 30.6% during the 3rd quarter. Royal Bank of Canada now owns 2,584 shares of the bank’s stock worth $133,000 after acquiring an additional 605 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of QCR by 32.1% during the 3rd quarter. US Bancorp DE now owns 3,822 shares of the bank’s stock worth $196,000 after acquiring an additional 928 shares in the last quarter. 70.60% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ QCRH opened at $54.29 on Friday. The stock has a fifty day moving average price of $56.03 and a two-hundred day moving average price of $56.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $850.18 million, a P/E ratio of 8.25 and a beta of 1.07. QCR has a 1 year low of $44.75 and a 1 year high of $62.34.

QCR (NASDAQ:QCRH – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The bank reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.02. QCR had a return on equity of 16.22% and a net margin of 35.29%. During the same quarter last year, the company posted $1.16 earnings per share. On average, research analysts predict that QCR will post 6.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Friday, March 18th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Thursday, March 17th. QCR’s payout ratio is currently 3.65%.

Several research firms recently commented on QCRH. StockNews.com cut QCR from a “buy” rating to a “hold” rating in a research report on Friday. Piper Sandler raised their target price on QCR from $72.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 5th. Finally, Zacks Investment Research upgraded QCR from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, March 30th.

QCR Company Profile (Get Rating)

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

Further Reading