QNB (NASDAQ:QNBC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of QNB (NASDAQ:QNBC) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also issued reports on QNBC. Weiss Ratings assumed coverage on QNB in a research report on Friday, August 28th. They set a “hold (c)” rating on the stock. Brean Capital raised QNB to a “strong-buy” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, QNB has a consensus rating of “Moderate Buy”.

QNB Stock Up 0.0%

QNBC opened at $45.71 on Friday. The company has a market cap of $278.83 million, a P/E ratio of 11.90 and a beta of 0.43. The business’s 50-day moving average price is $45.11 and its 200-day moving average price is $42.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. QNB has a 12 month low of $34.00 and a 12 month high of $46.60.

QNB (NASDAQ:QNBC) last released its earnings results 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, equities analysts expect that QNB will post 4.36 EPS for the current year.

QNB Announces Dividend

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

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.