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Randy S. Bimes, a director at QNB Corp (OTC:QNBC), recently acquired 117 shares of the company's common stock, according to a recent SEC filing. The shares were purchased at a price of $33.92 each, totaling approximately $3,968. This transaction was part of the 2023 Non-Employee Director Compensation Plan. Following this acquisition, Bimes holds a total of 247,734.3815 shares in QNB Corp.
The purchase comes as QNB Corp, with a market capitalization of $125 million, trades near its 52-week high after posting a remarkable 49% gain over the past six months. The company maintains a 4.36% dividend yield and has consistently paid dividends for 28 consecutive years. According to InvestingPro analysis, the stock appears overvalued at current levels, trading at a P/E ratio of 12.6. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
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