QNB (NASDAQ:QNBC) Posts Quarterly Earnings Results

QNB (NASDAQ:QNBC) issued its quarterly earnings data on Tuesday. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.19, Zacks reports. QNB had a return on equity of 13.96% and a net margin of 12.40%.

QNB Trading Up 0.6%

QNB stock traded up $0.27 during midday trading on Tuesday, hitting $46.27. 43,925 shares of the stock were exchanged, compared to its average volume of 8,799. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. QNB has a fifty-two week low of $34.00 and a fifty-two week high of $46.81. The stock’s 50-day simple moving average is $45.23 and its 200 day simple moving average is $41.34. The stock has a market capitalization of $282.25 million, a price-to-earnings ratio of 13.73 and a beta of 0.43.

QNB Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, September 11th. QNB’s dividend payout ratio (DPR) is 46.29%.

Analysts Set New Price Targets

QNBC has been the subject of a number of recent research reports. Brean Capital raised shares of QNB to a “strong-buy” rating in a research note on Wednesday, October 14th. Weiss Ratings assumed coverage on QNB in a research note on Friday, August 28th. They set a “hold (c)” rating on the stock. Wall Street Zen raised QNB from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Finally, Zacks Research upgraded shares of QNB to a “hold” rating in a report on Thursday, October 15th. One research 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, the company presently has an average rating of “Moderate Buy”.

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.