Shares are trading at $48.20 just above $45.60, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $45.50. The 50 day moving average was up by +5.70% and the 200 day average went up $2.70 or +5.93%. (NASDAQ:QCRH) shares saw light trading volume with 347 shares changing hands in the last trading session. Overall, volume was down 98.97% under the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of QCR Holdings, Inc. of late considering the fall in short interest. The firm recorded a fall in short interest of -22.32% as of September 29, 2017 from the last reporting period. Short interest decreased 17,956 over that period. Days to cover decreased from 2.0 to 1.0 and the percentage of shorted shares was 0.00% on September 29.
Here is a rundown on some insider market activity for QCR Holdings, Inc. (NASDAQ:QCRH). President/CEO RB&T Thomas D. Budd sold 478 shares at an average price of $43.00 on September 13th. That brings Budd’s holdings to $152,822 as reported to the SEC. EVP Todd A. Gipple disclosed the sale of 5,920 shares. The shares were sold on September 13th for an average price of $43.00. Gipple now owns $1,859,406 of the stock according to the SEC filing.
Thomas D. Budd, President/CEO RB&T sold $16,871 worth of shares at a price of $44.75 on Thu the 10th. The President/CEO RB&T now owns $180,432 of the stock as recorded in a recent Form 4 SEC filing.
These firms have modified their investment in QCRH. Mesirow Financial Investment Management International Equity augmented its position by buying 268 shares an increase of 2.6% in the quarter. Mesirow Financial Investment Management International Equity now holds 10,684 shares valued at $486,000. The value of the position overall is down by 1.6%. As of quarter end Meeder Asset Management Inc had bought a total of 1,001 shares growing its holdings by 406.9%. The value of the investment in (QCRH) went from $12,000 to $57,000 a change of 375.0% quarter over quarter.
Shell Asset Management CO reduced its holdings by selling 300 shares a decrease of 1.9% as of 09/30/2017. Shell Asset Management CO owns 15,470 shares worth $704,000. The total value of its holdings decreased 5.8%. Bowling Portfolio Management LLC bolstered its investment by buying 12,770 shares an increase of 81.1%. Bowling Portfolio Management LLC controls 28,511 shares with a value of $1,297,000. The total value of its holdings increased 73.9%.
The company is trading down from yesterday’s close of 49.05. QCR Holdings, Inc. also recently announced a dividend which was paid on Wednesday October 4th, 2017. The dividend payment was $0.050 per share for the quarter which comes to $0.20 on an annualized basis. This dividend amount was represent a yield of $0.41. The ex-dividend date was Thursday the 14th of September 2017.
QCR Holdings, Inc. currently has a P/E ratio of 19.83 and market cap is 635.32M. As of 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 now outstanding. Next quarter’s EPS is forecasted at $0.72 with next year’s EPS 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..