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

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

Hedge Funds Weigh In On QCR

Several large investors have recently made changes to their positions in QCRH. SG Americas Securities LLC boosted its stake in shares of QCR by 21.6% in the fourth quarter. SG Americas Securities LLC now owns 8,327 shares of the bank’s stock worth $694,000 after acquiring an additional 1,481 shares during the period. CIBC Bancorp USA Inc. purchased a new position in QCR in the 3rd quarter worth approximately $218,000. Dark Forest Capital Management LP bought a new position in QCR in the 3rd quarter worth approximately $645,000. PMC FIG Opportunities LLC grew its holdings in QCR by 159.7% during the 3rd quarter. PMC FIG Opportunities LLC now owns 35,354 shares of the bank’s stock valued at $2,674,000 after buying an additional 21,739 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in QCR by 38.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,837 shares of the bank’s stock valued at $593,000 after buying an additional 2,161 shares in the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Stock Performance

Shares of NASDAQ:QCRH traded down $0.90 during mid-day trading on Monday, reaching $86.28. 69,475 shares of the company traded hands, compared to its average volume of 72,769. The company’s 50 day moving average price is $83.05 and its 200-day moving average price is $77.76. The firm has a market cap of $1.45 billion, a PE ratio of 12.05 and a beta of 0.82. QCR has a 52 week low of $60.83 and a 52 week high of $88.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Friday, November 7th. The bank reported $2.17 earnings per share for the quarter. The business 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%. On average, equities analysts expect that QCR will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on QCRH shares. Piper Sandler upped their price objective on QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Raymond James Financial restated an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of QCR in a research note on Monday, October 27th. Zacks Research lowered shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of QCR in a report on Monday, December 29th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $83.00 target price on shares of QCR in a report on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.00.

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.