QNB (OTCMKTS:QNBC) Posts Quarterly Earnings Results

QNB (OTCMKTS:QNBC) released its earnings results on Tuesday. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, Zacks reports. QNB had a return on equity of 9.86% and a net margin of 11.00%.

QNB Stock Performance

OTCMKTS:QNBC remained flat at $34.00 on Tuesday. The company’s stock had a trading volume of 163 shares, compared to its average volume of 920. The business has a fifty day moving average of $33.44 and a two-hundred day moving average of $30.63. The stock has a market capitalization of $125.80 million, a PE ratio of 13.08 and a beta of 0.50. QNB has a 12 month low of $21.39 and a 12 month high of $34.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.77 and a current ratio of 0.77.

QNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.37 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.35%. QNB’s dividend payout ratio (DPR) is presently 56.92%.

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.