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Trade Alert: The Independent Director Of Farmers National Banc Corp. (NASDAQ:FMNB), Terry Moore, Has Just Spent US$102k Buying Shares

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Simply Wall St
·3 min read
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Investors who take an interest in Farmers National Banc Corp. (NASDAQ:FMNB) should definitely note that the Independent Director, Terry Moore, recently paid US$16.15 per share to buy US$102k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 15%.

See our latest analysis for Farmers National Banc

The Last 12 Months Of Insider Transactions At Farmers National Banc

In fact, the recent purchase by Terry Moore was the biggest purchase of Farmers National Banc shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$16.25 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Farmers National Banc share holders is that insiders were buying at near the current price.

In the last twelve months Farmers National Banc insiders were buying shares, but not selling. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqCM:FMNB Recent Insider Trading, February 20th 2020
NasdaqCM:FMNB Recent Insider Trading, February 20th 2020

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Farmers National Banc insiders own 8.4% of the company, worth about US$40m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Farmers National Banc Insiders?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in Farmers National Banc shares, given these transactions (along with notable insider ownership of the company). Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Farmers National Banc.

Of course Farmers National Banc may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.