QNB (OTCMKTS:QNBC - Get Free Report) released its earnings results on Tuesday. The financial services provider reported $0.69 earnings per share for the quarter, Zacks reports. The company had revenue of $13.12 million during the quarter. QNB had a return on equity of 11.61% and a net margin of 12.58%.
QNB Trading Up 0.4 %
Shares of QNBC traded up $0.13 during mid-day trading on Friday, hitting $34.48. 244 shares of the company's stock traded hands, compared to its average volume of 2,153. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $127.92 million, a P/E ratio of 11.05 and a beta of 0.40. The business's 50-day moving average price is $35.19 and its 200-day moving average price is $33.62. QNB has a 1 year low of $22.25 and a 1 year high of $35.98.
QNB Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.38 dividend. This is a boost from QNB's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.41%. QNB's payout ratio is presently 49.03%.
About QNB
(
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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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