QNB (NASDAQ:QNBC) Downgraded by Wall Street Zen to Hold

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

A number of other equities analysts also recently commented on QNBC. Brean Capital upgraded QNB to a “strong-buy” rating in a research note on Wednesday, October 14th. Weiss Ratings began coverage on QNB in a research note on Friday, August 28th. They set a “hold (c)” rating on the stock. Finally, Zacks Research raised QNB to a “hold” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

QNB Trading Down 0.3%

NASDAQ QNBC traded down $0.14 during trading hours on Friday, hitting $47.16. 54,490 shares of the company’s stock were exchanged, compared to its average volume of 77,091. The business’s 50 day moving average is $46.04 and its 200-day moving average is $42.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.90. QNB has a 12-month low of $34.00 and a 12-month high of $48.75. The firm has a market capitalization of $293.34 million, a P/E ratio of -168.42 and a beta of 0.46.

QNB (NASDAQ:QNBC) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.19. The firm had revenue of ($5.79) million during the quarter, compared to the consensus estimate of $20.80 million. QNB had a positive return on equity of 13.59% and a negative net margin of 4.24%. As a group, analysts anticipate that QNB will post 4.34 EPS for the current fiscal year.

QNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.56 annualized dividend and a dividend yield of 3.3%. QNB’s dividend payout ratio (DPR) is -557.14%.

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.