QNB (NASDAQ:QNBC) Upgraded to Hold at Zacks Research

QNB (NASDAQ:QNBC) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued on Thursday, Zacks reports.

QNBC has been the subject of a number of other reports. Wall Street Zen raised shares of QNB from a “hold” rating to a “buy” rating in a research report on Saturday. Brean Capital raised shares of QNB to a “strong-buy” rating in a report on Wednesday. Finally, Weiss Ratings assumed coverage on shares of QNB in a report on Friday, August 28th. They set a “hold (c)” rating on the stock. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, QNB currently has an average rating of “Moderate Buy”.

QNB Trading Down 0.1%

NASDAQ:QNBC traded down $0.05 on Thursday, reaching $45.70. 16,963 shares of the company’s stock were exchanged, compared to its average volume of 24,069. The business has a fifty day moving average of $45.08 and a 200-day moving average of $42.26. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.29. QNB has a 52-week low of $34.00 and a 52-week high of $46.60. The firm has a market capitalization of $278.77 million, a price-to-earnings ratio of 13.56 and a beta of 0.43.

QNB (NASDAQ:QNBC) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $20.49 million for the quarter. QNB had a return on equity of 13.96% and a net margin of 12.40%. As a group, analysts expect that QNB will post 4.36 earnings per share for the current year.

About QNB

QNB Corp. is a bank holding company headquartered in Quakertown, Pennsylvania. Through its principal subsidiary, QNB Bank, the company provides community banking services to individuals, families, businesses and organizations in eastern Pennsylvania.

QNB Bank offers deposit products, residential and commercial real estate lending, consumer loans and business financing. Its services also include digital banking, cash management and other financial solutions designed to support personal and commercial banking needs.

Founded in 1877, QNB has developed a branch network serving communities primarily in Bucks, Lehigh, Montgomery and Northampton counties.