QNB (OTCMKTS:QNBC) Posts Quarterly Earnings Results

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

QNB Price Performance

Shares of OTCMKTS:QNBC opened at $23.60 on Thursday. The firm’s 50 day moving average is $24.08 and its two-hundred day moving average is $24.31. QNB has a 52 week low of $21.39 and a 52 week high of $27.64. The firm has a market capitalization of $86.38 million, a P/E ratio of 10.85 and a beta of 0.49. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22.

QNB Announces Dividend

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