Gregory Bestic Is The Independent Director of Farmers National Banc Corp. (NASDAQ:FMNB) And They Just Picked Up 7.1% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Farmers National Banc Corp. (NASDAQ:FMNB) Independent Director, Gregory Bestic, recently bought US$63k worth of stock, for US$12.50 per share. Although the purchase is not a big one, increasing their shareholding by only 7.1%, it can be interpreted as a good sign.
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$275k worth of shares at a price of US$14.83 each. That means that even when the share price was higher than US$13.02 (the recent price), an insider wanted to purchase shares. 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.
Over the last year, we can see that insiders have bought 73.79k shares worth US$1.1m. On the other hand they divested 3.20k shares, for US$49k. In the last twelve months there was more buying than selling by Farmers National Banc insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Does Farmers National Banc Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Farmers National Banc insiders own 4.3% of the company, worth about US$21m. 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 purchases. And the longer term insider transactions also give us confidence. 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. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Farmers National Banc.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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.
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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.
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