Gina A. Richardson Buys 2,334 Shares of Farmers National Banc Corp. (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) Director Gina A. Richardson purchased 2,334 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the transaction, the director now directly owns 9,896 shares of the company's stock, valued at $136,070. This represents a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Farmers National Banc Stock Down 0.4 %

Shares of FMNB stock traded down $0.05 during mid-day trading on Friday, hitting $13.79. The company's stock had a trading volume of 76,341 shares, compared to its average volume of 79,190. Farmers National Banc Corp. has a 52-week low of $11.55 and a 52-week high of $16.32. The business has a 50-day moving average price of $13.87 and a 200 day moving average price of $14.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $518.34 million, a price-to-earnings ratio of 11.30 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Research analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Remove Ads

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, March 14th. Farmers National Banc's dividend payout ratio (DPR) is presently 55.74%.

Analyst Ratings Changes

A number of research analysts have issued reports on FMNB shares. StockNews.com upgraded Farmers National Banc from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Piper Sandler lowered their price objective on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd.

Institutional Trading of Farmers National Banc

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its position in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank's stock valued at $31,000 after acquiring an additional 835 shares during the last quarter. R Squared Ltd purchased a new stake in Farmers National Banc during the fourth quarter valued at $31,000. Aquatic Capital Management LLC purchased a new stake in Farmers National Banc during the fourth quarter valued at $36,000. Huntington National Bank increased its position in Farmers National Banc by 41.2% during the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank's stock valued at $49,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Matrix Trust Co increased its position in Farmers National Banc by 606.0% during the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank's stock valued at $95,000 after acquiring an additional 5,733 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company's stock.

Farmers National Banc Company Profile

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.