QNB Corp. (OTCMKTS:QNBC) Short Interest Update

QNB Corp. (OTCMKTS:QNBC) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 100 shares, a drop of 66.7% from the June 15th total of 300 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 0.1 days.

QNB Stock Up 1.5 %

Shares of QNBC stock traded up $0.36 during mid-day trading on Thursday, reaching $23.75. 4,149 shares of the company were exchanged, compared to its average volume of 2,334. QNB has a fifty-two week low of $21.39 and a fifty-two week high of $27.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $87.40 million, a P/E ratio of 10.68 and a beta of 0.52. The business’s 50 day simple moving average is $23.31 and its 200 day simple moving average is $24.29.

QNB (OTCMKTS:QNBC) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.71 EPS for the quarter. The firm had revenue of $12.00 million during the quarter. QNB had a net margin of 10.12% and a return on equity of 9.38%.

QNB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend was Friday, June 14th. QNB’s payout ratio is 67.58%.

About QNB

QNB Corp. operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts.