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Jeffrey Lehocky, the Executive Vice President and Chief Financial Officer of QNB Corp (OTC:QNBC), recently acquired shares in the company amounting to a total value of $17,050. According to a recent SEC filing, Lehocky purchased 500 shares of common stock at a price of $34.10 per share, which is near the stock’s 52-week high of $34.99. This transaction increased his direct ownership in the company to 998 shares. The purchase comes as the $126 million market cap company trades at an attractive P/E ratio of 10.9x.
In addition to the stock purchase, Lehocky holds various options to buy additional shares of QNB Corp in the future. These options include rights to purchase common stock at exercise prices ranging from $23.40 to $33.50, with expiration dates extending up to 2035. These derivative holdings represent potential future transactions but do not reflect immediate changes in ownership. According to InvestingPro, the stock generally trades with low price volatility, making it an interesting consideration for stability-focused investors.
QNB Corp, based in Quakertown, Pennsylvania, operates as a state commercial bank. The recent transactions by Lehocky highlight his ongoing investment in the company, aligning his interests with those of shareholders. The bank has maintained dividend payments for 28 consecutive years, currently offering a 4.34% dividend yield.
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