QNB (NASDAQ:QNBC) Announces Earnings Results

QNB (NASDAQ:QNBC) announced its earnings results on Tuesday. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.11 by $0.19, Zacks reports. QNB had a net margin of 12.40% and a return on equity of 13.96%.

QNB Stock Performance

Shares of NASDAQ:QNBC traded up $0.42 during midday trading on Tuesday, reaching $46.42. 42,215 shares of the company traded hands, compared to its average volume of 8,785. The firm’s fifty day moving average price is $45.23 and its two-hundred day moving average price is $41.34. The firm has a market capitalization of $283.19 million, a price-to-earnings ratio of 13.78 and a beta of 0.43. 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 12 month low of $34.00 and a 12 month high of $46.81.

QNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, September 11th. QNB’s payout ratio is presently 46.29%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on QNBC shares. Wall Street Zen raised QNB from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Zacks Research upgraded QNB to a “hold” rating in a research note on Thursday, October 15th. Weiss Ratings initiated coverage on QNB in a research report on Friday, August 28th. They set a “hold (c)” rating on the stock. Finally, Brean Capital upgraded QNB to a “strong-buy” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

QNB Company Profile

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.