Quaint Oak Bancorp (OTCMKTS:QNTO) Announces Earnings Results

Quaint Oak Bancorp (OTCMKTS:QNTO) announced its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.14 earnings per share for the quarter, Bloomberg Earnings reports. Quaint Oak Bancorp had a return on equity of 8.51% and a net margin of 10.75%. The business had revenue of $2.72 million for the quarter.

Shares of OTCMKTS:QNTO opened at $13.35 on Friday. The stock has a market capitalization of $26.05 million, a PE ratio of 14.20 and a beta of 0.12. Quaint Oak Bancorp has a 52-week low of $12.50 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.15 and a current ratio of 1.18.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 7th. Shareholders of record on Monday, April 23rd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.10%. This is an increase from Quaint Oak Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, April 20th.

In other Quaint Oak Bancorp news, CFO John J. Augustine sold 5,260 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $13.20, for a total transaction of $69,432.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 32.70% of the company’s stock.

Separately, ValuEngine downgraded Quaint Oak Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th.

Quaint Oak Bancorp Company Profile

Quaint Oak Bancorp, Inc operates as the holding company for Quaint Oak Bank that provides various banking products and services. It offers deposits, such as savings accounts, non-interest bearing business and consumer checking accounts, and certificates of deposit. The company offers loans, including one-to-four family residential owner occupied and non-owner occupied real estate loans, multi-family residential loans, commercial real estate loans, construction loans, home equity loans and lines of credit, commercial business loans, and other consumer loans.

Earnings History for Quaint Oak Bancorp (OTCMKTS:QNTO)

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