Short Interest in QCR Holdings, Inc. (NASDAQ:QCRH) Declines By 28.1%

QCR Holdings, Inc. (NASDAQ:QCRHGet Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 92,000 shares, a decrease of 28.1% from the March 15th total of 127,900 shares. Based on an average trading volume of 56,800 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QCRH shares. Raymond James increased their price objective on shares of QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods increased their price objective on shares of QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Piper Sandler increased their price objective on shares of QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th.

Check Out Our Latest Research Report on QCR

QCR Stock Up 0.0 %

Shares of QCRH traded up $0.01 during midday trading on Friday, reaching $56.08. The stock had a trading volume of 43,279 shares, compared to its average volume of 57,307. QCR has a 1-year low of $35.14 and a 1-year high of $62.94. The company’s fifty day simple moving average is $57.23 and its two-hundred day simple moving average is $54.62. The company has a market cap of $942.14 million, a price-to-earnings ratio of 8.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04.

QCR (NASDAQ:QCRHGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.61. QCR had a net margin of 20.80% and a return on equity of 13.78%. The business had revenue of $103.47 million for the quarter, compared to analyst estimates of $81.57 million. Equities research analysts expect that QCR will post 5.64 earnings per share for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.43%. QCR’s payout ratio is 3.57%.

Insider Buying and Selling at QCR

In other QCR news, CFO Todd A. Gipple sold 6,791 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $61.00, for a total value of $414,251.00. Following the completion of the sale, the chief financial officer now owns 40,043 shares in the company, valued at approximately $2,442,623. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Larry J. Helling purchased 1,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was acquired at an average price of $56.00 per share, with a total value of $56,000.00. Following the purchase, the chief executive officer now directly owns 36,601 shares in the company, valued at approximately $2,049,656. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Todd A. Gipple sold 6,791 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $61.00, for a total transaction of $414,251.00. Following the completion of the sale, the chief financial officer now directly owns 40,043 shares of the company’s stock, valued at approximately $2,442,623. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On QCR

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in shares of QCR by 83.9% in the 3rd quarter. FMR LLC now owns 1,502,724 shares of the bank’s stock valued at $72,912,000 after purchasing an additional 685,471 shares in the last quarter. BlackRock Inc. raised its stake in QCR by 5.0% during the 2nd quarter. BlackRock Inc. now owns 1,352,693 shares of the bank’s stock worth $55,501,000 after acquiring an additional 64,005 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in QCR by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock worth $59,907,000 after acquiring an additional 24,251 shares in the last quarter. Vanguard Group Inc. raised its stake in QCR by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 933,177 shares of the bank’s stock worth $54,488,000 after acquiring an additional 20,864 shares in the last quarter. Finally, State Street Corp raised its stake in QCR by 6.8% during the 2nd quarter. State Street Corp now owns 485,154 shares of the bank’s stock worth $26,220,000 after acquiring an additional 30,782 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

About QCR

(Get Free Report)

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.

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