QCR Holdings, Inc. (NASDAQ:QCRH) Short Interest Down 18.3% in December

QCR Holdings, Inc. (NASDAQ:QCRH) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 271,772 shares, a decline of 18.3% from the December 15th total of 332,835 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 93,339 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 93,339 shares, the short-interest ratio is presently 2.9 days. Currently, 1.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson reaffirmed a “neutral” rating and issued a $83.00 price objective on shares of QCR in a report on Thursday, October 9th. Piper Sandler boosted their price target on QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QCR in a research report on Monday, December 29th. Raymond James Financial reissued an “outperform” rating and issued a $88.00 target price (up from $85.00) on shares of QCR in a report on Monday, October 27th. Finally, Zacks Research cut shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

QCR Stock Down 0.6%

Shares of NASDAQ QCRH opened at $85.50 on Wednesday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 11.94 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.65. QCR has a 12 month low of $60.83 and a 12 month high of $88.15. The stock has a 50-day moving average price of $83.39 and a two-hundred day moving average price of $77.94.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Friday, November 7th. The bank reported $2.17 earnings per share (EPS) for the quarter. The company had revenue of $101.45 million for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.04%. As a group, analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, December 23rd. QCR’s dividend payout ratio is presently 3.35%.

Institutional Investors Weigh In On QCR

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in QCR in the third quarter valued at about $51,000. Quadrant Capital Group LLC acquired a new position in shares of QCR in the third quarter valued at approximately $72,000. Russell Investments Group Ltd. bought a new position in QCR in the 3rd quarter valued at approximately $104,000. CIBC Bancorp USA Inc. bought a new position in QCR in the 3rd quarter valued at approximately $218,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in QCR during the 3rd quarter worth approximately $224,000. Institutional investors own 70.01% of the company’s stock.

About QCR

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.