Short Interest in QNB Corp. (OTCMKTS:QNBC) Grows By 44.8%

QNB Corp. (OTCMKTS:QNBC) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 4,200 shares, an increase of 44.8% from the September 30th total of 2,900 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 2.0 days.

QNB Stock Performance

QNBC opened at $35.22 on Wednesday. QNB has a 52-week low of $30.95 and a 52-week high of $36.01. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.35. The company has a market cap of $131.30 million, a P/E ratio of 9.95 and a beta of 0.49. The firm’s 50-day moving average price is $35.35 and its 200-day moving average price is $34.74.

QNB (OTCMKTS:QNBC) last posted its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter. QNB had a net margin of 13.46% and a return on equity of 12.53%. The firm had revenue of $14.85 million for the quarter.

QNB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.3%. QNB’s dividend payout ratio (DPR) is 42.94%.

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.