QCR Holdings, Inc. (NASDAQ:QCRH) Short Interest Update

QCR Holdings, Inc. (NASDAQ:QCRH) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 103,600 shares, a decrease of 22.3% from the November 30th total of 133,400 shares. Based on an average daily trading volume, of 72,500 shares, the days-to-cover ratio is presently 1.4 days.

QCR Stock Down 2.2 %

Shares of QCRH stock traded down $1.78 during midday trading on Friday, reaching $80.78. 59,975 shares of the stock were exchanged, compared to its average volume of 63,785. QCR has a 1 year low of $53.22 and a 1 year high of $96.08. The firm has a market cap of $1.36 billion, a PE ratio of 11.72 and a beta of 0.96. The company’s 50 day moving average is $86.45 and its two-hundred day moving average is $75.77. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.29. The firm had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 12.92%. During the same period last year, the business earned $1.51 earnings per share. On average, equities research analysts predict that QCR will post 6.73 EPS for the current year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.30%. QCR’s dividend payout ratio (DPR) is 3.48%.

Insider Activity at QCR

In other news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the sale, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at approximately $64,069.26. This trade represents a 46.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On QCR

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of QCR by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after purchasing an additional 13,567 shares during the period. State Street Corp increased its holdings in QCR by 3.4% during the third quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after buying an additional 16,006 shares during the last quarter. JPMorgan Chase & Co. raised its position in QCR by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock worth $31,229,000 after acquiring an additional 41,043 shares during the period. Geode Capital Management LLC boosted its stake in shares of QCR by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 401,193 shares of the bank’s stock worth $29,706,000 after acquiring an additional 4,179 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of QCR by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock valued at $20,110,000 after acquiring an additional 8,800 shares during the period. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

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.