QNB (OTCMKTS:QNBC) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.85 EPS for the quarter, Bloomberg Earnings reports. QNB had a net margin of 18.42% and a return on equity of 10.50%. The firm had revenue of $9.86 million for the quarter.
OTCMKTS:QNBC traded up $0.20 during trading hours on Wednesday, hitting $44.75. The stock had a trading volume of 2,500 shares, compared to its average volume of 3,273. QNB has a 1-year low of $39.00 and a 1-year high of $50.00. The company has a market capitalization of $153.87, a price-to-earnings ratio of 14.90 and a beta of 0.60.
Separately, ValuEngine raised shares of QNB from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd.
In other QNB news, VP Dale A. Westwood sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $43.80, for a total value of $131,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.13% of the stock is owned by company insiders.
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QNB Company Profile
QNB Corp. operates as the holding company for QNB Bank that provides commercial and retail banking services for the residents and businesses in southeastern Pennsylvania. It offers various deposit products, which include demand and savings accounts, such as money market accounts, interest-bearing demand accounts, club accounts, traditional statement savings accounts, and online savings accounts; and time deposit products comprising certificates of deposit and individual retirement accounts.
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