QNB (OTCMKTS:QNBC) and Horizon Bancorp (NASDAQ:HBNC) are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, profitability, valuation, institutional ownership, earnings, dividends and risk.
Valuation and Earnings
This table compares QNB and Horizon Bancorp’s gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|QNB||$48.09 million||2.69||$11.34 million||N/A||N/A|
|Horizon Bancorp||$251.39 million||3.08||$66.54 million||$1.64||10.49|
Horizon Bancorp has higher revenue and earnings than QNB.
QNB pays an annual dividend of $1.32 per share and has a dividend yield of 3.6%. Horizon Bancorp pays an annual dividend of $0.48 per share and has a dividend yield of 2.8%. Horizon Bancorp pays out 29.3% of its earnings in the form of a dividend. Horizon Bancorp has raised its dividend for 6 consecutive years.
Institutional & Insider Ownership
12.8% of QNB shares are held by institutional investors. Comparatively, 47.6% of Horizon Bancorp shares are held by institutional investors. 9.4% of QNB shares are held by company insiders. Comparatively, 4.0% of Horizon Bancorp shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This table compares QNB and Horizon Bancorp’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Risk & Volatility
QNB has a beta of 0.58, suggesting that its share price is 42% less volatile than the S&P 500. Comparatively, Horizon Bancorp has a beta of 0.95, suggesting that its share price is 5% less volatile than the S&P 500.
This is a summary of recent ratings and price targets for QNB and Horizon Bancorp, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Horizon Bancorp beats QNB on 10 of the 13 factors compared between the two stocks.
QNB Company Profile
QNB Corp. operates as a bank 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, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates of deposit and individual retirement accounts. The company also provides commercial and industrial loans, commercial and residential real estate loans, construction and land development loans, indirect lease financing, 1-4 family residential mortgage loans, home equity loans and lines of credit, and consumer loans. In addition, it offers retail brokerage and advisory services; letters of credit, credit cards, and insurance products; merchant services; ATM and debit card services; and Internet-and mobile-banking, electronic bill payment, and remote deposit capture services. As of December 31, 2018, the company operated 11 branches in Bucks, Montgomery, and Lehigh counties. QNB Corp. was founded in 1877 and is based in Quakertown, Pennsylvania.
Horizon Bancorp Company Profile
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services. The company offers demand and time deposits. Its loan portfolio comprises commercial, residential real estate, mortgage warehouse, and consumer loans. The company also provides corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 63 full service offices and 3 loan and deposit production offices in Northern and Central regions of Indiana, as well as Southern, Central, and Great Lakes bay regions of Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
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