Short Interest in QNB Corp. (OTCMKTS:QNBC) Decreases By 50.0%

QNB Corp. (OTCMKTS:QNBC) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 300 shares, a decline of 50.0% from the August 31st total of 600 shares. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is currently 0.1 days.

QNB Stock Performance

OTCMKTS QNBC remained flat at $29.66 on Friday. The company’s stock had a trading volume of 29 shares, compared to its average volume of 1,447. QNB has a one year low of $21.39 and a one year high of $30.00. The company has a market cap of $109.15 million, a PE ratio of 13.54 and a beta of 0.52. The firm has a fifty day simple moving average of $29.41 and a two-hundred day simple moving average of $25.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.76 and a quick ratio of 0.76.

QNB (OTCMKTS:QNBC) last announced its quarterly earnings data 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 firm had revenue of $12.06 million during the quarter.

QNB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.99%. QNB’s dividend payout ratio is currently 67.58%.

QNB Company Profile

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.