QNB (NASDAQ:QNBC) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of QNB (NASDAQ:QNBC) to a hold rating in a research note released on Thursday,Zacks reports.

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

QNB Stock Down 0.1%

NASDAQ:QNBC traded down $0.05 during trading hours on Thursday, hitting $45.70. 16,963 shares of the company’s stock traded hands, compared to its average volume of 24,069. The firm has a market cap of $278.77 million, a P/E ratio of 13.56 and a beta of 0.43. QNB has a twelve month low of $34.00 and a twelve month high of $46.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s fifty day moving average price is $45.08 and its two-hundred day moving average price is $42.26.

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. QNB had a return on equity of 13.96% and a net margin of 12.40%. The firm had revenue of $20.49 million during the quarter. On average, research analysts expect that QNB will post 4.36 earnings per share for the current fiscal year.

QNB Dividend Announcement

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

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.