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

by · The Cerbat Gem

QCR Holdings, Inc. (NASDAQ:QCRHGet Free Report) was the recipient of a significant decrease in short interest during 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. Based on an average trading volume of 93,339 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.7% of the shares of the stock are sold short. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 93,339 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on QCR

QCR Trading Down 1.0%

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

QCR (NASDAQ:QCRHGet Free Report) last announced its earnings results on Friday, November 7th. The bank reported $2.17 EPS for the quarter. QCR had a return on equity of 12.04% and a net margin of 20.64%.The firm had revenue of $101.45 million during the quarter. Analysts forecast that QCR will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. QCR’s payout ratio is 3.35%.

Hedge Funds Weigh In On QCR

A number of large investors have recently made changes to their positions in QCRH. SG Americas Securities LLC raised its position in QCR by 21.6% in the 4th quarter. SG Americas Securities LLC now owns 8,327 shares of the bank’s stock worth $694,000 after purchasing an additional 1,481 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of QCR during the third quarter valued at approximately $218,000. Dark Forest Capital Management LP bought a new position in shares of QCR during the third quarter valued at approximately $645,000. PMC FIG Opportunities LLC raised its holdings in shares of QCR by 159.7% in the third quarter. PMC FIG Opportunities LLC now owns 35,354 shares of the bank’s stock worth $2,674,000 after buying an additional 21,739 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of QCR by 38.1% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,837 shares of the bank’s stock worth $593,000 after acquiring an additional 2,161 shares during the last quarter. 70.01% of the stock is owned by hedge funds and other institutional investors.

About QCR

(Get Free Report)

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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