We recently published a list of 10 Stocks Insiders Are Buying This Year. In this article, we are going to take a look at where QNB Corp. (OTC:QNBC) stands against other stocks that insiders are buying this year.
Even though this is just the beginning of the year, we thought it might be interesting to see what stocks have attracted the most attention from insiders. Why? Sometimes, when executives or insiders acquire shares early in the year, it could mean that they expect strong financial results or positive company developments.
On the other hand, insiders sometimes sell shares at the beginning of the year for tax reasons. For example, they can sell shares to harvest tax loss or to balance out gains/losses from the previous year.
Both insider selling and buying can be driven by various motives, however, it’s important to consider these moves within the broader context of the company’s fundamentals, industry trends, and overall market conditions. That’s why due diligence before any investment is of the utmost importance. However, insider trading activity in combination with other relevant determinants can offer valuable insights into a company’s capabilities, helping investors make more informed investment decisions.
To identify the 10 stocks insiders are buying this year we used Insider Monkey’s insider trading stock screener and looked for stocks with at least five insiders buying since the beginning of the year. With each stock, we note the number of insiders who recently bought shares.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
QNB Corp. (OTCMKTS:QNBC)
Number of Insiders Buying: 9
QNB Corp. (OTC:QNBC) operates as the bank holding company for QNB Bank, which provides commercial and retail banking and brokerage services. Among its many deposit products are demand and saving accounts, such as interest-bearing demand, and traditional statement savings, among others. Additionally, the company provides securities and advisory services.
On January 2, nine insiders acquired a total of around $35,717 worth of QNB shares at a price of $33.92 per share. The stock is currently trading at $34.10, having gained 0.53% year-to-date and 39.18% over the last 12 months.
For the fourth quarter of 2024, QNB Corp. (OTC:QNBC) reported net income of $3.05 million or $0.83 per share on a diluted basis. This compares to net income of $1.13 million or $0.31 per share on a diluted basis, for the same period in 2023. Total assets as of December 31, 2024, were $1.87 billion compared with $1.71 billion on December 31, 2023.
QNB Corp. (OTC:QNBC) is also paying dividends, and the last dividend payment of $0.37 per share was in December. QNB has a market capitalization of approximately $125.71 million.
Overall, QNBC ranks 4th on our list of stocks that insiders are buying this year. While we acknowledge the potential of QNBC, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QNBC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
