QNB (QNBC) Set to Release Quarterly Earnings on Tuesday

QNB (NASDAQ:QNBC) is expected to be announcing its resultson Tuesday, October 27th. Analysts expect QNB to post earnings of $1.11 per share and revenue of $20.80 million for the quarter.

QNB (NASDAQ:QNBC) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.60 earnings per share for the quarter. The company had revenue of $20.49 million during the quarter. QNB had a return on equity of 13.96% and a net margin of 12.40%. 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

NASDAQ:QNBC opened at $45.99 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $280.54 million, a PE ratio of 13.65 and a beta of 0.43. QNB has a 52-week low of $34.00 and a 52-week high of $46.60. The stock has a 50-day simple moving average of $45.27 and a 200 day simple moving average of $42.45.

QNB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a $0.39 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.56 annualized dividend and a yield of 3.4%. QNB’s payout ratio is presently 46.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on QNBC shares. Wall Street Zen raised QNB from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Weiss Ratings began coverage on shares of QNB in a research report on Friday, August 28th. They issued a “hold (c)” rating on the stock. Brean Capital raised shares of QNB to a “strong-buy” rating in a research report on Wednesday, October 14th. Finally, Zacks Research upgraded shares of QNB to a “hold” rating in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, QNB currently has an average rating of “Moderate Buy”.

About QNB

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.