Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 240,700 shares, a decline of 5.7% from the November 15th total of 255,300 shares. Based on an average daily trading volume, of 83,800 shares, the days-to-cover ratio is presently 2.9 days.
Farmers National Banc Price Performance
FMNB stock traded down $0.36 during mid-day trading on Tuesday, reaching $15.21. The company's stock had a trading volume of 99,700 shares, compared to its average volume of 93,024. The stock has a market cap of $571.71 million, a PE ratio of 12.37 and a beta of 0.86. The company's 50 day moving average is $15.09 and its two-hundred day moving average is $14.34. Farmers National Banc has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. 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 (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. Equities research analysts expect that Farmers National Banc will post 1.23 EPS for the current year.
Farmers National Banc Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Friday, December 13th. Farmers National Banc's dividend payout ratio is presently 55.28%.
Institutional Investors Weigh In On Farmers National Banc
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock worth $124,000 after purchasing an additional 829 shares during the period. FMR LLC lifted its stake in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank's stock worth $31,000 after purchasing an additional 835 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank's stock worth $165,000 after buying an additional 997 shares during the period. Inspire Investing LLC grew its stake in shares of Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank's stock valued at $357,000 after buying an additional 1,625 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Farmers National Banc by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank's stock valued at $1,560,000 after buying an additional 2,241 shares during the period. Institutional investors and hedge funds own 38.72% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on FMNB shares. StockNews.com downgraded Farmers National Banc from a "hold" rating to a "sell" rating in a research note on Wednesday, December 11th. Piper Sandler reiterated a "neutral" rating and set a $17.00 target price on shares of Farmers National Banc in a research report on Thursday, November 21st.
Read Our Latest Stock Analysis on Farmers National Banc
About Farmers National Banc
(
Get Free Report)
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.
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