Autumn R. Bayles, a director at QNB Corp (OTC:QNBC), has acquired additional shares of the company’s common stock, according to a recent SEC filing. On January 2, 2025, Bayles purchased 117 shares at a price of $33.92 per share, totaling approximately $3,968. The purchase comes as the $125 million market cap company trades near its 52-week high of $34, having delivered an impressive 49% return over the past six months. This acquisition was made under the 2023 Non-Employee Director Compensation Plan, as noted in the filing. Following this transaction, Bayles now holds a total of 2,337.4819 shares, which includes shares acquired through the Dividend Reinvestment Plan. QNB Corp currently offers a 4.4% dividend yield and has maintained dividend payments for 28 consecutive years. According to InvestingPro, the stock appears overvalued at current levels, trading at a P/E ratio of 12.6. Subscribers can access 8 additional ProTips and comprehensive financial metrics for QNBC.
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