QNB (OTCMKTS:QNBC) Announces Quarterly Earnings Results

QNB (OTCMKTS:QNBC) released its earnings results on Tuesday. The financial services provider reported $0.83 EPS for the quarter, Zacks reports. QNB had a net margin of 11.00% and a return on equity of 9.86%.

QNB Stock Performance

OTCMKTS:QNBC opened at $34.00 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $33.48 and its 200-day simple moving average is $30.71. QNB has a fifty-two week low of $21.39 and a fifty-two week high of $34.99. The stock has a market cap of $125.80 million, a PE ratio of 13.08 and a beta of 0.50.

QNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Friday, December 13th. QNB’s payout ratio is 56.92%.

QNB Company Profile

QNB Corp. operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts.