QNB (QNBC) Expected to Announce Quarterly Earnings on Tuesday

Key Points

• QNB is expected to report quarterly earnings on October 27, with analysts forecasting $1.11 in earnings per share and $20.80 million in revenue.
• The forecasts imply a significant improvement from the prior quarter, when QNB reported $0.60 EPS and $20.49 million in revenue. Analysts project full-year EPS of $4.36, rising to $4.75 next fiscal year.
• QNB recently paid a quarterly dividend of $0.39, equivalent to $1.56 annually and a 3.4% yield. Analyst sentiment is currently “Moderate Buy,” with one Strong Buy, two Hold ratings, and recent upgrades from several firms.

QNB (NASDAQ:QNBC - Get Free Report) will likely be announcing its resultson Tuesday, October 27th. Analysts expect QNB to announce earnings of $1.11 per share and revenue of $20.80 million for the quarter.

QNB (NASDAQ:QNBC - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.60 earnings per share for the quarter. The business had revenue of $20.49 million during the quarter. QNB had a net margin of 12.40% and a return on equity of 13.96%. On average, analysts expect QNB to post $4.36 EPS for the current fiscal year and $4.75 EPS for the next fiscal year.

QNB Price Performance

QNBC opened at $45.71 on Tuesday. QNB has a twelve month low of $34.00 and a twelve month high of $46.60. The firm has a market cap of $278.83 million, a price-to-earnings ratio of 11.90 and a beta of 0.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $45.11 and a 200 day simple moving average of $42.33.

QNB Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.4%. QNB's payout ratio is currently 46.29%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QNBC shares. Weiss Ratings started coverage on shares of QNB in a research report on Friday, August 28th. They issued a "hold (c)" rating for the company. Brean Capital upgraded QNB to a "strong-buy" rating in a research note on Wednesday, October 14th. Zacks Research upgraded QNB to a "hold" rating in a research note on Thursday, October 15th. Finally, Wall Street Zen upgraded QNB from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently 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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