Stock market today: S&P 500 closer lower on fresh economic concerns
In a recent transaction filed with the Securities and Exchange Commission, Laurie Bergman, a director at QNB Corp (OTC:QNBC), a $125 million market cap regional bank trading near its 52-week high, acquired 117 shares of the company's common stock. According to InvestingPro analysis, the stock appears overvalued at current levels. The shares were purchased at a price of $33.92 each, amounting to a total investment of $3,968. This acquisition was made under the 2023 Non-Employee Director Compensation Plan. Following this transaction, Bergman now directly owns 1,414 shares of QNB Corp. The stock has delivered a 49% return over the past six months and maintains a notable 4.36% dividend yield, having paid dividends consistently for 28 years. InvestingPro subscribers can access 6 additional key insights about QNBC's valuation and performance metrics.
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