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

QNB Corp. (OTCMKTS:QNBC - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,200 shares, a growth of 1,100.0% from the March 15th total of 100 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 0.7 days.

QNB Trading Up 0.3 %

Shares of OTCMKTS QNBC traded up $0.06 during mid-day trading on Wednesday, hitting $23.76. The stock has a market capitalization of $87.06 million, a price-to-earnings ratio of 9.03 and a beta of 0.49. The business's 50 day moving average price is $24.39 and its 200 day moving average price is $24.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. QNB has a 12-month low of $21.39 and a 12-month high of $27.64.

QNB (OTCMKTS:QNBC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.31 EPS for the quarter. QNB had a return on equity of 11.50% and a net margin of 12.83%. The business had revenue of $10.48 million during the quarter.

QNB Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend was Thursday, March 14th. QNB's dividend payout ratio is presently 56.27%.

About QNB

QNB Corp. operates as the bank holding company for QNB Bank that provides commercial and retail banking products and 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.

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