Director Kachmar buys 4,000 shares of FNLC at $24.10; holdings jump to 5,015 shares (+393.9%)
Kachmar Ingrid Wilbur, a director, executed a substantial open-market purchase of 4,000 shares at $24.10, increasing her position from 1,015 to 5,015 shares—a 393.9% increase in holdings. At the purchase price of $24.10, the transaction occurred 1.3% below the current price of $24.43 and within the 52-week trading range of $22.08–$31.02. The stock is currently trading 21.2% below its 52-week high, which may reflect market-wide headwinds rather than company-specific deterioration. With a P/E of 11.42 on net income of $7,571,000.00 and a market cap of $273,512,612.24, the company exhibits modest valuation metrics that warrant investor review of the motivations behind this director-level accumulation.