Short Interest in QCR Holdings, Inc. (NASDAQ:QCRH) Decreases By 22.3%

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) was the target 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 daily volume of 72,500 shares, the short-interest ratio is currently 1.4 days.

QCR Trading Down 2.2 %

Shares of QCR stock traded down $1.78 during mid-day trading on Friday, hitting $80.78. 59,975 shares of the stock were exchanged, compared to its average volume of 63,785. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 11.72 and a beta of 0.96. QCR has a twelve month low of $53.22 and a twelve month high of $96.08. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $86.45 and a 200 day simple moving average of $75.64.

QCR (NASDAQ:QCRH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping the consensus estimate of $1.49 by $0.29. QCR had a net margin of 19.25% and a return on equity of 12.92%. The firm had revenue of $152.58 million during the quarter, compared to analysts' expectations of $84.00 million. During the same period in the previous year, the company earned $1.51 EPS. Research analysts forecast that QCR will post 6.73 EPS for the current 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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, December 13th. QCR's payout ratio is 3.48%.

Insider Transactions at QCR

In related 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 of the company's stock, valued at $64,069.26. This trade represents a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.70% of the company's stock.

Institutional Trading of QCR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of QCR by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank's stock worth $62,787,000 after buying an additional 13,567 shares during the last quarter. State Street Corp grew its position in QCR by 3.4% during the third quarter. State Street Corp now owns 481,809 shares of the bank's stock valued at $35,696,000 after acquiring an additional 16,006 shares during the period. JPMorgan Chase & Co. increased its stake in QCR by 10.8% during the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank's stock worth $31,229,000 after acquiring an additional 41,043 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of QCR by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 401,193 shares of the bank's stock worth $29,706,000 after purchasing an additional 4,179 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of QCR by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank's stock valued at $20,110,000 after purchasing an additional 8,800 shares in the last quarter. Hedge funds and other institutional investors own 70.01% of the company's stock.

QCR Company Profile

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.