Advertisement
U.S. markets close in 1 hour 38 minutes
  • S&P 500

    5,253.61
    +5.12 (+0.10%)
     
  • Dow 30

    39,786.27
    +26.19 (+0.07%)
     
  • Nasdaq

    16,381.69
    -17.83 (-0.11%)
     
  • Russell 2000

    2,124.04
    +9.69 (+0.46%)
     
  • Crude Oil

    83.07
    +1.72 (+2.11%)
     
  • Gold

    2,242.30
    +29.60 (+1.34%)
     
  • Silver

    25.00
    +0.24 (+0.98%)
     
  • EUR/USD

    1.0796
    -0.0034 (-0.31%)
     
  • 10-Yr Bond

    4.2020
    +0.0060 (+0.14%)
     
  • GBP/USD

    1.2622
    -0.0016 (-0.12%)
     
  • USD/JPY

    151.4070
    +0.1610 (+0.11%)
     
  • Bitcoin USD

    70,917.76
    +2,527.30 (+3.70%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Frank Monaco Is The Independent Director of Farmers National Banc Corp. (NASDAQ:FMNB) And They Just Picked Up 240% More Shares

Investors who take an interest in Farmers National Banc Corp. (NASDAQ:FMNB) should definitely note that the Independent Director, Frank Monaco, recently paid US$15.58 per share to buy US$205k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 240%.

View our latest analysis for Farmers National Banc

Farmers National Banc Insider Transactions Over The Last Year

The Independent Director Edward Muransky made the biggest insider purchase in the last 12 months. That single transaction was for US$270k worth of shares at a price of US$17.97 each. That means that an insider was happy to buy shares at above the current price of US$15.65. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Happily, we note that in the last year insiders paid US$1.4m for 87.69k shares. On the other hand they divested 2.00k shares, for US$36k. In total, Farmers National Banc insiders bought more than they sold over the last year. The average buy price was around US$16.14. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

Farmers National Banc is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Farmers National Banc

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Insiders own 9.4% of Farmers National Banc shares, worth about US$50m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Farmers National Banc Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Farmers National Banc insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Farmers National Banc has 1 warning sign we think you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Advertisement