QNB (NASDAQ:QNBC) Announces Quarterly Earnings Results

Key Points

• QNB reported quarterly EPS of $1.30, exceeding the consensus estimate of $1.11 by $0.19. The company posted a 13.96% return on equity and a 12.40% net margin.
• QNB shares rose 0.9% to $46.42, near their 52-week high of $46.81. The company declared a quarterly dividend of $0.39, representing a $1.56 annualized payout and a 3.4% yield.
• Analyst sentiment improved, with upgrades from Brean Capital and Wall Street Zen; MarketBeat lists QNB’s overall rating as “Moderate Buy.”

QNB (NASDAQ:QNBC - Get Free Report) released its quarterly 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. QNB had a return on equity of 13.96% and a net margin of 12.40%.

QNB Stock Up 0.9%

NASDAQ:QNBC traded up $0.42 on Tuesday, hitting $46.42. The stock had a trading volume of 42,215 shares, compared to its average volume of 8,785. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.29. QNB has a 52 week low of $34.00 and a 52 week high of $46.81. The business's fifty day moving average is $45.23 and its 200 day moving average is $41.34. The company has a market cap of $283.19 million, a PE ratio of 13.78 and a beta of 0.43.

QNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a $0.39 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.56 annualized dividend and a yield of 3.4%. QNB's dividend payout ratio is presently 46.29%.

Analysts Set New Price Targets

QNBC has been the subject of a number of research analyst reports. Brean Capital upgraded shares of QNB to a "strong-buy" rating in a research report on Wednesday, October 14th. Weiss Ratings assumed coverage on shares of QNB in a research note on Friday, August 28th. They set a "hold (c)" rating on the stock. Wall Street Zen raised shares of QNB from a "hold" rating to a "buy" rating in a report on Saturday, October 17th. Finally, Zacks Research upgraded QNB to a "hold" rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average 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.

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