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

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

Insider Buying and Selling at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares in the company, valued at approximately $64,069.26. This represents a 46.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QCR

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in QCR by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank’s stock worth $5,333,000 after buying an additional 3,270 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in QCR in the second quarter valued at approximately $496,000. Innealta Capital LLC acquired a new position in QCR during the second quarter worth approximately $35,000. Principal Financial Group Inc. raised its stake in QCR by 6.6% during the second quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank’s stock worth $448,000 after purchasing an additional 463 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of QCR by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock valued at $1,584,000 after purchasing an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Stock Down 2.2 %

QCRH opened at $80.78 on Friday. The firm has a market cap of $1.36 billion, a P/E ratio of 11.72 and a beta of 0.96. The business’s fifty day simple moving average is $86.45 and its 200 day simple moving average is $75.50. QCR has a 52 week low of $53.22 and a 52 week high of $96.08. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. The business had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $1.51 earnings per share. As a group, equities research analysts anticipate that QCR will post 6.73 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Friday, December 13th. QCR’s dividend payout ratio is presently 3.48%.

About QCR

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.