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

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 341,504 shares, an increase of 20.0% from the March 31st total of 284,535 shares. Currently, 2.1% of the company's stock are short sold. Based on an average daily trading volume, of 95,635 shares, the short-interest ratio is currently 3.6 days.

Insiders Place Their Bets

In related news, CFO Todd A. Gipple sold 8,590 shares of the business's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the transaction, the chief financial officer directly owned 44,902 shares in the company, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the insider owned 738 shares in the company, valued at approximately $60,885. The trade was a 42.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On QCR

A number of institutional investors have recently modified their holdings of the business. Kennedy Capital Management LLC boosted its position in shares of QCR by 9.7% in the fourth quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank's stock valued at $63,480,000 after acquiring an additional 67,517 shares during the period. Victory Capital Management Inc. boosted its position in shares of QCR by 715.4% in the third quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank's stock valued at $30,273,000 after acquiring an additional 351,145 shares during the period. Schroder Investment Management Group boosted its position in shares of QCR by 86.2% in the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank's stock valued at $26,663,000 after acquiring an additional 162,482 shares during the period. Endeavour Capital Advisors Inc. boosted its position in shares of QCR by 23.3% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank's stock valued at $27,364,000 after acquiring an additional 62,032 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of QCR by 0.5% in the third quarter. Wellington Management Group LLP now owns 243,762 shares of the bank's stock valued at $18,438,000 after acquiring an additional 1,118 shares during the period. Institutional investors own 70.01% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QCRH shares. DA Davidson boosted their target price on shares of QCR from $92.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, January 29th. Weiss Ratings upgraded QCR from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 2nd. Piper Sandler reduced their price objective on shares of QCR from $108.00 to $107.00 and set an "overweight" rating for the company in a research report on Monday. Raymond James Financial reiterated an "outperform" rating and issued a $99.00 price objective on shares of QCR in a report on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of QCR from $92.00 to $102.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.00.

QCR Price Performance

NASDAQ:QCRH opened at $90.45 on Thursday. QCR has a one year low of $63.68 and a one year high of $96.00. The company has a market cap of $1.51 billion, a P/E ratio of 11.33 and a beta of 0.78. The firm's fifty day moving average price is $87.24 and its two-hundred day moving average price is $84.42. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 1.00.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.65%. The firm had revenue of $89.52 million for the quarter, compared to the consensus estimate of $105.42 million. Equities analysts expect that QCR will post 7.97 earnings per share for the current year.

QCR Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th were issued a $0.10 dividend. This is an increase from QCR's previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, March 19th. QCR's dividend payout ratio is presently 5.01%.

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.

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