QNB (NASDAQ:QNBC) Stock Rating Raised to Buy at Wall Street Zen

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

Several other equities research analysts have also recently weighed in on QNBC. Weiss Ratings started coverage on QNB in a research note on Friday, August 28th. They set a “hold (c)” rating for the company. Brean Capital raised QNB to a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

QNB Stock Performance

Shares of QNB stock opened at $45.70 on Friday. The company has a 50 day moving average of $45.08 and a 200-day moving average of $42.26. QNB has a 1-year low of $34.00 and a 1-year high of $46.60. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market cap of $278.77 million, a PE ratio of 13.56 and a beta of 0.43.

QNB (NASDAQ:QNBC) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $20.49 million for the quarter. QNB had a net margin of 12.40% and a return on equity of 13.96%. As a group, equities research analysts forecast that QNB will post 4.36 earnings per share for the current fiscal year.

QNB Dividend Announcement

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

QNB Company Profile

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.