Insider Buying: QNB Corp. (Uplisting) (NASDAQ:QNBC) Director Buys $10,011.30 in Stock

Key Points

• Director Randy Bimes purchased 221 QNB Corp. shares at an average price of $45.30, investing $10,011.30 and increasing his ownership by 0.08% to 268,684 shares.
• QNB shares traded at $45.78, near their 52-week high of $46.00, with a market capitalization of approximately $279.3 million and a P/E ratio of 13.58.
• The company pays a quarterly dividend of $0.39 per share, equivalent to a 3.4% yield, while its sole analyst rating is Hold.

QNB Corp. (Uplisting) (NASDAQ:QNBC - Get Free Report) Director Randy Bimes acquired 221 shares of QNB Corp. (Uplisting) stock in a transaction on Friday, September 25th. The shares were bought at an average cost of $45.30 per share, with a total value of $10,011.30. Following the completion of the purchase, the director owned 268,684 shares in the company, valued at $12,171,385.20. The trade was a 0.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

QNB Corp. (Uplisting) Stock Performance

Shares of QNB Corp. (Uplisting) stock traded up $0.14 during trading hours on Tuesday, hitting $45.78. 11,687 shares of the company were exchanged, compared to its average volume of 5,455. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $44.41 and a 200-day moving average of $41.60. QNB Corp. has a 1 year low of $34.00 and a 1 year high of $46.00. The stock has a market capitalization of $279.26 million, a price-to-earnings ratio of 13.58 and a beta of 0.43.

QNB Corp. (Uplisting) Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 11th. QNB Corp. (Uplisting)'s payout ratio is 46.29%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of QNB Corp. (Uplisting) in a report on Friday, August 28th. They issued a "hold (c)" rating on the stock. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, QNB Corp. (Uplisting) presently has an average rating of "Hold".

About QNB Corp. (Uplisting)

QNB Corp. is the bank holding company for QNB Bank, a community banking institution headquartered in Quakertown, Pennsylvania. Through its banking subsidiary, the company provides financial services to individuals, families, small businesses and commercial customers.

QNB Bank offers a range of deposit products, including checking, savings and time deposit accounts, as well as consumer, residential mortgage and commercial loans. Its services also include online and mobile banking, cash management and other related banking solutions designed to support personal and business financial needs.

Founded in 1877, QNB Bank serves customers through its branch network and digital banking channels in southeastern Pennsylvania and surrounding communities.

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