(NASDAQ:QCRH) shares saw heavy trading volume with 53K shares changing hands on Tuesday. Volume was up 79.63% over the stocks average daily volume.
Traders are feeling more bullish of late if you evaluate the change in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -4.96%. Short shares fell 3,099 over that timeframe. The short-interest ratio increased to 2.0 and the short interest percentage is 0.00% as of October 13.
Here is a rundown on some insider market activity for QCR Holdings, Inc. (NASDAQ:QCRH). Thomas D. Budd, President/CEO RB&T sold $16,871 worth of shares at a price of $44.75 on Thu the 10th. That brings the President/CEO RB&T’s holdings to $180,432 as recorded in a recent Form 4 SEC filing. President/CEO RB&T Thomas D. Budd disclosed the sale of 478 shares of (QCRH). The shares were sold on September 13th for an average price of $43.00. The President/CEO RB&T now owns $152,822 of the stock according to the SEC filing.
Todd A. Gipple, EVP let go of $254,560 worth of shares at an average price of $43.00 on September 13th. That brings Gipple’s holdings to $1,859,406 per an SEC filing yesterday.
A few notable investment firms have updated their holdings. First Quadrant L P/ca cut its ownership by selling 2,108 shares a decrease of 21.4% in the quarter. First Quadrant L P/ca controls 7,758 shares with a value of $353,000. The value of the position overall is down by 24.6%. As of the end of the quarter Nationwide Fund Advisors had acquired a total of 88 shares growing its position 0.5%. The value of the company’s investment in QCR Holdings, Inc. decreased from $805,000 to $777,000 a change of $28,000 quarter over quarter.
As of quarter end First Trust Advisors Lp had sold 8,407 shares trimming its holdings by 16.4%. The value of the investment in (QCRH) went from $2,433,000 to $1,953,000 a change of 19.7% since the last quarter. Raymond James Financial Services Advisors, Inc. downsized its investment by shedding 7,575 shares a decrease of 35.5% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. now controls 13,745 shares worth $625,000. The total value of its holdings decreased 38.2%.
The company is now up since yesterday’s close of $47.75. QCR Holdings, Inc. declared a dividend for shareholders that was paid on Wednesday the 4th of October 2017. The dividend was $0.050 per share for the quarter or $0.20 on an annualized basis. This dividend amount was represent a yield of $0.41. The ex-dividend date was set for Thursday the 14th of September 2017.
Company shares are trading at $47.75 marginally over the 50 day moving average of $46.53 and which is just over the 200 day moving average of $45.75. The 50 day moving average was up by +2.61% whereas the 200 day moving average was up $2.00 or +4.38%.
The most current P/E ratio is 19.64 and market cap is 629.39M. In the last earnings report the EPS was $2.43 and is estimated to be $2.74 for the current year with 13,181,000 shares outstanding. Next quarter’s EPS is forecasted at $0.72 and the next full year EPS is projected to be $3.11.
QCR Holdings, Inc., launched on February 4, 1993, is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services. The Company is also engaged in direct financing lease contracts through m2 Lease Funds, LLC (m2), a subsidiary of QCBT. The Business’s principal business consists of attracting deposits and investing those deposits in loans/leases and securities..