Farmers National Banc Corp. (NASDAQ:FMNB) Director Ralph D. Macali Sells 14,300 Shares

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) Director Ralph D. Macali sold 14,300 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the sale, the director now owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Farmers National Banc Stock Down 0.6 %

NASDAQ:FMNB traded down $0.09 during midday trading on Thursday, hitting $13.93. 96,668 shares of the company were exchanged, compared to its average volume of 73,781. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. The company has a market capitalization of $523.60 million, a PE ratio of 11.42 and a beta of 0.86. The company has a fifty day simple moving average of $14.28 and a 200 day simple moving average of $14.65.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. As a group, equities analysts anticipate that Farmers National Banc Corp. will post 1.44 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.88%. Farmers National Banc's dividend payout ratio (DPR) is currently 55.74%.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Farmers National Banc by 59.2% in the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank's stock valued at $4,486,000 after purchasing an additional 117,384 shares during the period. JPMorgan Chase & Co. boosted its holdings in Farmers National Banc by 142.8% in the third quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank's stock valued at $1,151,000 after purchasing an additional 44,783 shares during the last quarter. Geode Capital Management LLC increased its holdings in Farmers National Banc by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank's stock worth $12,802,000 after purchasing an additional 44,349 shares during the last quarter. Barclays PLC raised its position in shares of Farmers National Banc by 330.9% in the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank's stock valued at $845,000 after purchasing an additional 42,951 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Farmers National Banc by 93.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank's stock valued at $1,260,000 after buying an additional 40,367 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on FMNB shares. Piper Sandler dropped their price objective on shares of Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday. StockNews.com upgraded Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th.

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.