Short Interest in QCR Holdings, Inc. (NASDAQ:QCRH) Decreases By 25.1%

QCR Holdings, Inc. (NASDAQ:QCRH) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 126,900 shares, a decrease of 25.1% from the January 31st total of 169,400 shares. Based on an average trading volume of 78,500 shares, the short-interest ratio is currently 1.6 days.

Insider Buying and Selling at QCR

In related news, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $78.47 per share, with a total value of $85,846.18. Following the transaction, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Institutional Trading of QCR

Several large investors have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new position in shares of QCR during the fourth quarter valued at approximately $35,000. Lazard Asset Management LLC grew its holdings in QCR by 3,042.1% during the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank’s stock valued at $48,000 after purchasing an additional 578 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in QCR during the 3rd quarter valued at $54,000. R Squared Ltd acquired a new stake in QCR during the 4th quarter valued at $64,000. Finally, Quest Partners LLC acquired a new position in QCR during the 3rd quarter worth $62,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Stock Down 3.4 %

Shares of QCRH traded down $2.58 during midday trading on Tuesday, reaching $72.46. The stock had a trading volume of 70,444 shares, compared to its average volume of 65,829. The company’s fifty day simple moving average is $78.52 and its two-hundred day simple moving average is $80.11. QCR has a 1-year low of $54.37 and a 1-year high of $96.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 10.80 and a beta of 0.97.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Equities research analysts expect that QCR will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.33%. QCR’s payout ratio is currently 3.58%.

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.