Farmers National Banc (NASDAQ:FMNB) Sees Unusually-High Trading Volume - Still a Buy?

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 65,593 shares traded hands during trading, a decline of 14% from the previous session's volume of 75,945 shares.The stock last traded at $14.04 and had previously closed at $14.51.

Analyst Ratings Changes

FMNB has been the subject of a number of recent analyst reports. StockNews.com upgraded Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Piper Sandler dropped their price objective on Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, February 3rd.

Farmers National Banc Trading Down 0.4 %

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $13.87 and a two-hundred day simple moving average of $14.59. The firm has a market capitalization of $518.34 million, a P/E ratio of 11.30 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, equities research analysts anticipate that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Remove Ads

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 is Friday, March 14th. Farmers National Banc's dividend payout ratio (DPR) is presently 55.74%.

Insider Buying and Selling at Farmers National Banc

In related news, Director Gina A. Richardson acquired 2,334 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the purchase, the director now directly owns 9,896 shares of the company's stock, valued at $136,070. This trade represents a 30.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ralph D. Macali sold 14,300 shares of the company's stock in a transaction on 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 of the company's stock, valued at $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Farmers National Banc

A number of hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Farmers National Banc by 5.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,029 shares of the bank's stock worth $910,000 after purchasing an additional 3,048 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Farmers National Banc during the 4th quarter worth $618,000. Two Sigma Investments LP lifted its stake in shares of Farmers National Banc by 5.7% during the 4th quarter. Two Sigma Investments LP now owns 69,248 shares of the bank's stock worth $985,000 after purchasing an additional 3,753 shares during the last quarter. Two Sigma Advisers LP increased its position in Farmers National Banc by 16.5% during the 4th quarter. Two Sigma Advisers LP now owns 86,700 shares of the bank's stock valued at $1,233,000 after buying an additional 12,300 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Farmers National Banc during the 4th quarter valued at about $146,000. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

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.