Farmers National Banc (NASDAQ:FMNB) Director Gina Richardson Acquires 1,833 Shares

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina Richardson acquired 1,833 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average cost of $12.99 per share, for a total transaction of $23,810.67. Following the completion of the acquisition, the director directly owned 13,823 shares in the company, valued at approximately $179,560.77. This represents a 15.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Farmers National Banc Stock Up 0.9%

Shares of FMNB opened at $13.06 on Friday. The stock has a market capitalization of $491.67 million, a price-to-earnings ratio of 9.07 and a beta of 0.83. Farmers National Banc Corp. has a 1 year low of $11.58 and a 1 year high of $16.29. The business’s 50 day simple moving average is $14.39 and its 200-day simple moving average is $13.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, October 22nd. The bank reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $47.74 million during the quarter, compared to analyst estimates of $48.00 million. Farmers National Banc had a return on equity of 13.82% and a net margin of 19.57%. As a group, equities analysts expect that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.2%. The ex-dividend date was Friday, September 12th. Farmers National Banc’s dividend payout ratio is presently 47.22%.

Institutional Trading of Farmers National Banc

Several institutional investors and hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its stake in shares of Farmers National Banc by 36.9% during the third quarter. Teacher Retirement System of Texas now owns 46,481 shares of the bank’s stock valued at $670,000 after acquiring an additional 12,534 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Farmers National Banc by 16.0% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 29,800 shares of the bank’s stock worth $429,000 after buying an additional 4,106 shares in the last quarter. SG Americas Securities LLC bought a new stake in Farmers National Banc during the third quarter valued at about $257,000. CWM LLC boosted its position in Farmers National Banc by 149.3% during the third quarter. CWM LLC now owns 13,128 shares of the bank’s stock valued at $189,000 after purchasing an additional 7,861 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in Farmers National Banc by 12.0% during the third quarter. Inspire Investing LLC now owns 31,688 shares of the bank’s stock valued at $457,000 after purchasing an additional 3,394 shares in the last quarter. Institutional investors own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FMNB. Zacks Research lowered Farmers National Banc from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

About Farmers National Banc

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services.