QNB (NASDAQ:QNBC) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

QNB (NASDAQ:QNBC) released its earnings results on Tuesday. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.19, Zacks reports. The firm had revenue of ($5.79) million during the quarter, compared to analyst estimates of $20.80 million. QNB had a net margin of 12.40% and a return on equity of 13.96%.

QNB Stock Up 1.0%

Shares of QNBC traded up $0.47 during mid-day trading on Thursday, reaching $47.77. The company’s stock had a trading volume of 44,933 shares, compared to its average volume of 9,405. The stock has a market cap of $291.61 million, a PE ratio of 14.17 and a beta of 0.43. QNB has a 12-month low of $34.00 and a 12-month high of $47.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50 day moving average is $45.42 and its 200 day moving average is $41.51.

QNB Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, September 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.3%. QNB’s payout ratio is presently -557.14%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QNBC. Weiss Ratings began coverage on shares of QNB in a report 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. Zacks Research raised QNB to a “hold” rating in a report on Thursday, October 15th. Finally, Brean Capital raised QNB to a “strong-buy” rating in a research report 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’s stock. According to data from MarketBeat.com, QNB presently has a consensus 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.