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QUAKERTOWN, PA - QNB Corp. (OTCQX: QNBC), the parent company of QNB Bank, has commenced trading on the OTCQX Best Market today after upgrading from the Pink market. The move is seen as a significant step for the company in enhancing its visibility and accessibility to investors. The bank’s stock has shown remarkable strength, delivering a 54% return over the past year and currently trading near its 52-week high of $35.98.
The OTCQX Best Market is designed for established, investor-focused U.S. and international companies. To be eligible for trading on this platform, companies must meet high financial standards, adhere to best practice corporate governance, and comply with relevant securities laws. According to InvestingPro data, QNB Corp. demonstrates strong fundamentals with a modest P/E ratio of 11.5 and has maintained dividend payments for 29 consecutive years, currently offering a 4.27% yield.
David W. Freeman, President and CEO of QNB Corp. and QNB Bank, expressed optimism about the company’s latest milestone, stating, "As we approach our 150-year anniversary of providing exceptional Community Banking services in Pennsylvania, QNB Corp. is pleased to bring our incredible story to the national OTCQX trading stage." He believes that this transition will attract broader investor interest and enhance shareholder value.
QNB Corp. is a bank holding company based in Quakertown, Pennsylvania, with QNB Bank operating twelve branches across Bucks, Lehigh, and Montgomery Counties. The company offers a range of commercial and retail banking services to the communities it serves. Additionally, QNB Corp. provides securities and advisory services through QNB Financial Services and title insurance via Laurel Abstract Company LLC.
This strategic development is expected to offer QNB Corp. increased exposure and liquidity, providing shareholders with transparent trading and easy access to company information. The announcement is based on a press release statement from QNB Corp. InvestingPro analysis indicates the stock may be approaching overbought territory, with additional insights and financial metrics available to subscribers.
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