In a recent transaction, Timothy F. Shaffer, the Senior Executive Vice President and Chief Credit Officer (SEVP, CCO) of Farmers National Banc Corp (NASDAQ:FMNB), sold a total of 1,799 shares of the company's common stock. The shares were sold at an average price of $15.00, with individual transactions ranging from $14.99 to $15.03 per share. This sale resulted in a total value of $26,985.
The transaction, which took place on September 5, 2024, was disclosed in a filing with the Securities and Exchange Commission. Following the sale, Shaffer continues to hold 35,282.428 shares in the company, indicating a continued investment in Farmers National Banc Corp's future.
Farmers National Banc Corp, based in Canfield, Ohio, is a state commercial bank that operates within the financial sector. The sale of shares by a high-ranking executive such as Shaffer is often watched closely by investors as it can provide insights into the executive's view of the company's current valuation and future prospects.
Investors and stakeholders are reminded that detailed information regarding the number of shares sold at each specific price can be provided upon request from the reporting person to the SEC staff, the issuer, or any security holder of the issuer. This level of transparency ensures that all parties interested in the transaction can access the necessary details for their analysis.
The sale represents a routine part of Shaffer's portfolio management, and as an officer of the company, his transactions are subject to public disclosure to maintain transparency and to comply with regulatory requirements.
InvestingPro Insights
As the financial community digests the news of Timothy F. Shaffer's recent stock sale from Farmers National Banc Corp, it's essential to consider the company's current financial health and market performance to understand the broader context. According to InvestingPro data, Farmers National Banc Corp boasts a market capitalization of $563.64 million, with a price-to-earnings (P/E) ratio of 10.98, reflecting investor sentiment about the company's earnings potential.
Investors looking at the company's performance over time will note that Farmers National Banc Corp has experienced a robust three-month price total return of 26.13%, which could be indicative of positive market momentum. Additionally, the company has maintained a consistent dividend yield of 4.53%, with the last dividend having an ex-date of June 14, 2024. This is particularly noteworthy for income-focused investors, as Farmers National Banc Corp has raised its dividend for 8 consecutive years and maintained dividend payments for 31 consecutive years, according to InvestingPro Tips.
Moreover, the company has demonstrated profitability over the last twelve months, and analysts predict it will remain profitable this year. This is reinforced by three analysts who have revised their earnings upwards for the upcoming period, suggesting a potential upside in Farmers National Banc Corp's financial outlook. For those interested in exploring further, there are additional InvestingPro Tips available at https://www.investing.com/pro/FMNB, which could offer deeper insights into the company's performance and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.