QNB (NASDAQ:QNBC) Stock Rating Raised to “Strong-Buy” at Brean Capital

Brean Capital upgraded shares of QNB (NASDAQ:QNBC) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks reports.

Several other equities analysts have also issued reports on the company. Weiss Ratings initiated coverage on QNB in a research report on Friday, August 28th. They issued a “hold (c)” rating for the company. Wall Street Zen raised QNB to a “hold” rating in a research note on Saturday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

QNB Stock Down 0.1%

NASDAQ:QNBC opened at $45.75 on Wednesday. QNB has a 1 year low of $34.00 and a 1 year high of $46.60. The stock has a 50-day moving average price of $45.03 and a two-hundred day moving average price of $42.24. The stock has a market cap of $279.07 million, a price-to-earnings ratio of 13.58 and a beta of 0.43. 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 (NASDAQ:QNBC) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.60 EPS for the quarter. The company had revenue of $20.49 million for the quarter. QNB had a return on equity of 13.96% and a net margin of 12.40%.

QNB Dividend Announcement

The firm 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 payout ratio is 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.