Short Interest in QNB Corp. (Uplisting) (NASDAQ:QNBC) Rises By 1,444,600.0%

QNB Corp. (Uplisting) (NASDAQ:QNBC) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 14,447 shares, a growth of 1,444,600.0% from the August 15th total of 1 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 14,339 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on QNB Corp. (Uplisting) in a research note on Friday, August 28th. They issued a “hold (c)” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, QNB Corp. (Uplisting) presently has a consensus rating of “Hold”.

QNB Corp. (Uplisting) Stock Down 0.6%

QNBC stock traded down $0.25 on Thursday, reaching $45.00. 15,138 shares of the company traded hands, compared to its average volume of 4,646. The firm has a fifty day simple moving average of $43.96 and a 200-day simple moving average of $40.90. The company has a market cap of $274.73 million, a P/E ratio of 13.35 and a beta of 0.43. QNB Corp. has a one year low of $34.00 and a one year high of $46.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.84.

QNB Corp. (Uplisting) Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 11th. QNB Corp. (Uplisting)’s dividend payout ratio is 46.29%.

QNB Corp. (Uplisting) Company Profile

QNB Corp. is the bank holding company for QNB Bank, a community banking institution headquartered in Quakertown, Pennsylvania. Founded in 1877 as Quakertown National Bank, the organization provides financial services to individuals, families, businesses and nonprofit organizations.

QNB Bank offers a range of traditional banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, home equity financing and commercial loans. Its services also include business banking, cash management, online and mobile banking, wealth management and trust services.

The bank primarily serves communities in southeastern Pennsylvania, including Bucks, Lehigh and Montgomery counties, through its branch network and digital banking channels.