Director Ralph D. Macali buys 825 shares of FMNB at $12.24 (June 2024); stock now -17.6% from 52-week high, director holds 29.7K shares post-buy.
Director Ralph D. Macali purchased 825 shares of Farmers National Banc Corp at $12.24 on June 18, 2024, expanding his holdings to 29.7K shares, a 2.9% increase. This purchase follows a prior buy at the same ticker on June 11, 2024, just one week earlier, and comes in the context of the stock trading -17.6% from its 52-week high of $14.66 and down 5.6% over the prior 30 days. Macali's prior trade at FMNB (May 2023) exhibited a +24.0% 90-day return, and his cross-ticker track record shows 100% win rate on prior buys with an average 90-day return of 24.0%, suggesting a pattern of well-timed entries. The company's valuation metrics show a P/E of 8.39 with $11.2M in net income and a $453.6M market cap, indicating a modestly valued regional bank, which may be drawing insider interest as the stock retreats from recent highs.