QNB Corp. (OTCMKTS:QNBC) Sees Large Growth in Short Interest

QNB Corp. (OTCMKTS:QNBC) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 4,200 shares, a growth of 44.8% from the September 30th total of 2,900 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,100 shares, the short-interest ratio is presently 2.0 days.

QNB Trading Up 1.4%

Shares of QNB stock opened at $35.23 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.75 and a quick ratio of 0.75. QNB has a 1 year low of $30.95 and a 1 year high of $36.01. The company has a market capitalization of $131.34 million, a P/E ratio of 9.95 and a beta of 0.49. The business has a 50 day moving average price of $35.34 and a 200 day moving average price of $34.74.

QNB (OTCMKTS:QNBC) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter. The firm had revenue of $14.85 million during the quarter. QNB had a return on equity of 12.53% and a net margin of 13.46%.

QNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.3%. QNB’s dividend payout ratio (DPR) is presently 42.94%.

About QNB

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.