QNB (NASDAQ:QNBC) Stock Rating Upgraded by Zacks Research

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

A number of other brokerages have also issued reports on QNBC. Brean Capital raised shares of QNB to a “strong-buy” rating in a report on Wednesday. Wall Street Zen raised shares of QNB from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings started coverage on shares of QNB in a research report on Friday, August 28th. They set a “hold (c)” rating for the company. One investment 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, the company has a consensus rating of “Moderate Buy”.

QNB Price Performance

Shares of QNB stock traded down $0.05 during trading hours on Thursday, hitting $45.70. The company’s stock had a trading volume of 16,963 shares, compared to its average volume of 24,069. The company has a market cap of $278.77 million, a PE ratio of 13.56 and a beta of 0.43. 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 business has a 50 day moving average price of $45.08 and a two-hundred day moving average price of $42.26. QNB has a 12-month low of $34.00 and a 12-month high of $46.60.

QNB (NASDAQ:QNBC) last released its earnings results on Tuesday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $20.49 million during the quarter. QNB had a return on equity of 13.96% and a net margin of 12.40%. Analysts expect that QNB will post 4.36 earnings per share for the current fiscal 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.