QNB (OTCMKTS:QNBC) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• QNB Corp.'s stock price fell below its 200-day moving average of $34.56, currently trading at $34.75.
• The company reported $1.04 earnings per share for the latest quarter, with a net margin of 13.34% and revenue of $14.30 million.
• QNB recently declared a quarterly dividend of $0.38, resulting in an annualized dividend yield of 4.4% and a payout ratio of 43.80%.

QNB Corp. (OTCMKTS:QNBC - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.56 and traded as low as $34.15. QNB shares last traded at $34.75, with a volume of 515 shares changing hands.

QNB Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $129.27 million, a P/E ratio of 10.01 and a beta of 0.49. The stock's 50-day moving average is $34.09 and its two-hundred day moving average is $34.56.

QNB (OTCMKTS:QNBC - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $1.04 EPS for the quarter. The business had revenue of $14.30 million for the quarter. QNB had a net margin of 13.34% and a return on equity of 12.16%.

QNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.4%. QNB's dividend payout ratio is presently 43.80%.

QNB Company Profile

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.