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QNB (OTCMKTS:QNBC) Stock Crosses Below 200 Day Moving Average - Here's Why

QNB logo with Finance background

Key Points

  • QNB Corp. shares fell below the 200-day moving average of $34.59, trading as low as $34.52 before closing at $35.09.
  • The company reported an EPS of $1.04 and revenue of $14.30 million, with a net margin of 13.34% and a return on equity of 12.16%.
  • QNB announced a quarterly dividend of $0.38, resulting in an annualized dividend of $1.52 and a yield of 4.3%.
  • Need better tools to track QNB? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

QNB Corp. (OTCMKTS:QNBC - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.59 and traded as low as $34.52. QNB shares last traded at $35.09, with a volume of 2,430 shares trading hands.

QNB Stock Performance

The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $130.16 million, a PE ratio of 10.08 and a beta of 0.49. The firm has a 50 day moving average price of $34.24 and a 200-day moving average price of $34.60.

QNB (OTCMKTS:QNBC - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $1.04 EPS for the quarter. The firm had revenue of $14.30 million during the quarter. QNB had a return on equity of 11.95% and a net margin of 13.34%.

QNB Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.3%. QNB's payout ratio is 43.80%.

About QNB

(Get Free Report)

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.

See Also

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