Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Update

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 278,000 shares, a drop of 5.7% from the October 15th total of 294,900 shares. Based on an average daily volume of 82,600 shares, the days-to-cover ratio is currently 3.4 days.

Farmers National Banc Stock Performance

Shares of FMNB stock traded down $0.14 on Monday, hitting $15.17. 63,723 shares of the stock traded hands, compared to its average volume of 94,348. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.73. The company has a market capitalization of $570.21 million, a PE ratio of 12.45 and a beta of 0.83. Farmers National Banc has a 1-year low of $11.55 and a 1-year high of $16.32. The company's fifty day moving average is $14.79 and its 200 day moving average is $13.85.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. On average, equities research analysts predict that Farmers National Banc will post 1.24 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Friday, September 13th. Farmers National Banc's payout ratio is presently 55.28%.

Insider Activity at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the transaction, the executive vice president now directly owns 35,282 shares of the company's stock, valued at $529,230. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Farmers National Banc by 74.8% in the first quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank's stock valued at $242,000 after purchasing an additional 7,761 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Farmers National Banc during the 1st quarter worth approximately $73,000. PEAK6 Investments LLC bought a new stake in Farmers National Banc during the 1st quarter valued at $248,000. Price T Rowe Associates Inc. MD bought a new position in shares of Farmers National Banc during the first quarter valued at about $140,000. Finally, Twelve Points Wealth Management LLC boosted its holdings in shares of Farmers National Banc by 12.4% during the second quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank's stock worth $678,000 after purchasing an additional 5,987 shares during the period. Institutional investors own 38.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research note on Friday. Raymond James increased their price objective on Farmers National Banc from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Farmers National Banc has an average rating of "Hold" and a consensus price target of $15.67.

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.