QNB (OTCMKTS:QNBC) Posts Earnings Results

QNB (OTCMKTS:QNBC - Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, Zacks reports. QNB had a net margin of 11.00% and a return on equity of 9.86%.

QNB Price Performance

OTCMKTS QNBC remained flat at $34.00 during trading hours on Tuesday. 163 shares of the company were exchanged, compared to its average volume of 920. QNB has a one year low of $21.39 and a one year high of $34.99. The company has a market cap of $125.80 million, a price-to-earnings ratio of 13.08 and a beta of 0.50. The business's 50-day simple moving average is $33.48 and its 200-day simple moving average is $30.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.66.

QNB Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 4.35%. QNB's dividend payout ratio (DPR) is currently 56.92%.

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.