QNB Corp. (OTCMKTS:QNBC) Sees Large Increase in Short Interest

QNB Corp. (OTCMKTS:QNBC) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 600 shares, an increase of 20.0% from the August 15th total of 500 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 0.5 days.

QNB Price Performance

QNBC stock opened at $29.67 on Tuesday. The firm has a 50-day moving average of $28.34 and a 200 day moving average of $25.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $109.19 million, a P/E ratio of 13.55 and a beta of 0.52. QNB has a 1 year low of $21.39 and a 1 year high of $29.84.

QNB (OTCMKTS:QNBC) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. QNB had a net margin of 10.28% and a return on equity of 9.61%. The company had revenue of $12.06 million during the quarter.

QNB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, September 13th. QNB’s dividend payout ratio (DPR) 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.