Farmers National Banc (NASDAQ:FMNB) Director Sells $331,220.89 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Michael Voinovich sold 23,309 shares of Farmers National Banc stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Farmers National Banc Price Performance

FMNB opened at $14.50 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. Farmers National Banc Corp. has a 12 month low of $12.12 and a 12 month high of $15.50. The company has a fifty day simple moving average of $14.13 and a 200 day simple moving average of $13.64. The stock has a market cap of $858.69 million, a P/E ratio of 10.00 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The firm had revenue of $56.26 million for the quarter, compared to analyst estimates of $55.30 million. On average, research analysts expect that Farmers National Banc Corp. will post 1.62 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, June 12th. Farmers National Banc’s payout ratio is 46.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen raised Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Piper Sandler raised their price objective on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings raised shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

Institutional Trading of Farmers National Banc

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Demming Financial Services Corp ADV acquired a new stake in Farmers National Banc in the 1st quarter valued at $796,000. Beese Fulmer Investment Management Inc. boosted its stake in shares of Farmers National Banc by 11.8% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 374,090 shares of the bank’s stock worth $4,983,000 after buying an additional 39,539 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of Farmers National Banc during the 4th quarter worth about $30,000. HBK Sorce Advisory LLC grew its holdings in shares of Farmers National Banc by 2.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock valued at $569,000 after acquiring an additional 966 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Farmers National Banc by 12.8% in the 4th quarter. Comerica Bank now owns 18,206 shares of the bank’s stock valued at $243,000 after acquiring an additional 2,065 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.