QCR Holdings, Inc. (NASDAQ:QCRH) Short Interest Up 20.0% in April

QCR Holdings, Inc. (NASDAQ:QCRH) was the recipient of a large growth in short interest in 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. Based on an average daily volume of 95,635 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.1% of the company’s stock are sold short.

Analyst Ratings Changes

Several research analysts recently commented on QCRH shares. Raymond James Financial reissued an “outperform” rating and set a $99.00 target price on shares of QCR in a research note on Monday. Keefe, Bruyette & Woods boosted their target price on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. DA Davidson boosted their target price on QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Piper Sandler lowered their target price on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $101.00.

QCR Trading Up 0.5%

NASDAQ:QCRH opened at $90.87 on Friday. The stock has a 50-day simple moving average of $87.21 and a 200-day simple moving average of $84.46. The stock has a market cap of $1.52 billion, a P/E ratio of 11.39 and a beta of 0.77. QCR has a 1 year low of $63.68 and a 1 year high of $96.00. 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 released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.21. The business had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. QCR had a return on equity of 12.65% and a net margin of 21.98%. As a group, analysts anticipate 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. Stockholders of record on Thursday, March 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. This is an increase from QCR’s previous quarterly dividend of $0.06. QCR’s payout ratio is currently 5.01%.

Insider Buying and Selling

In related news, insider James D. Klein sold 554 shares of the business’s stock in a transaction 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 directly owned 738 shares of the company’s stock, valued at $60,885. The trade was a 42.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers boosted its position in shares of QCR by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 4,883 shares of the bank’s stock worth $407,000 after acquiring an additional 122 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after purchasing an additional 148 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 165 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of QCR by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock valued at $2,365,000 after purchasing an additional 185 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of QCR by 3.8% in the 4th quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock valued at $434,000 after purchasing an additional 191 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

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.