QUAKERTOWN, PA – In a recent transaction on July 1, Scott R. Stevenson, a director of QNB Corp (OTCMKTS:QNBC), purchased additional shares of the company. Stevenson purchased 170 shares of common stock at a price of $23.49 per share, for a total investment of $3,993.
This purchase brings Stevenson’s direct ownership in State Commercial Bank to 1,546.6989 shares. Notably, this figure includes 42.8331 shares obtained through the dividend reinvestment plan, as noted in the document’s footnotes.
QNB Corp, headquartered in Quakertown, PA, is in the banking industry, providing a variety of financial services. The transaction, disclosed in a regulatory filing with the Securities and Exchange Commission (SEC), reflects Stevenson’s continued confidence in the financial institution’s prospects.
Shareholders often monitor insider transactions, as they can provide insight into management’s outlook on the company’s valuation and future performance. Stevenson’s acquisition of QNB Corp shares aligns with this view, signaling potential optimism about the company’s trajectory.
Investors who follow QNB Corp’s market activity will note this transaction as part of the company’s ongoing financial developments. According to the latest news, QNB Corp shares continue to trade on the OTCMKTS under the symbol QNBC.
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