QNB (OTCMKTS:QNBC) Posts Quarterly Earnings Results

QNB (OTCMKTS:QNBC) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, reports. The company had revenue of $12.00 million for the quarter. QNB had a return on equity of 9.71% and a net margin of 10.12%.

QNB Price Performance

Shares of QNBC opened at $23.60 on Thursday. QNB has a fifty-two week low of $21.39 and a fifty-two week high of $27.64. The company has a market capitalization of $86.38 million, a price-to-earnings ratio of 10.85 and a beta of 0.49. The firm has a 50-day simple moving average of $24.08 and a 200-day simple moving average of $24.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73.

QNB Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 6.27%. The ex-dividend date was Thursday, March 14th. QNB’s payout ratio is 67.58%.

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.