QNB (OTCMKTS:QNBC) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• QNB Corp. shares have fallen below their 200-day moving average, trading as low as $34.01, compared to the average of $34.52.
• The company reported $1.04 earnings per share for the last quarter, with a revenue of $14.30 million and a net margin of 13.34%.
• QNB recently announced a $0.38 per share quarterly dividend, translating to an annualized yield of 4.38% with a payout ratio of 49.03%.

Shares of QNB Corp. (OTCMKTS:QNBC - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.52 and traded as low as $34.01. QNB shares last traded at $34.70, with a volume of 306 shares changing hands.

QNB Stock Performance

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $129.08 million, a price-to-earnings ratio of 10.00 and a beta of 0.47. The company has a 50-day moving average of $34.08 and a 200-day moving average of $34.52.

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

QNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.38%. QNB's payout ratio is currently 49.03%.

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.

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