Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $14.31, but opened at $13.92. Farmers National Banc shares last traded at $14.29, with a volume of 9,630 shares trading hands.
Analyst Ratings Changes
FMNB has been the topic of several recent analyst reports. Piper Sandler cut 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 report on Monday, February 3rd. StockNews.com raised shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th.
View Our Latest Report on Farmers National Banc
Farmers National Banc Price Performance
The company has a 50 day simple moving average of $14.04 and a 200 day simple moving average of $14.58. The company has a market capitalization of $541.67 million, a price-to-earnings ratio of 11.81 and a beta of 0.86. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (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, research analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current year.
Farmers National Banc Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.72%. Farmers National Banc's payout ratio is 55.74%.
Insider Buying and Selling
In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 48,983 shares in the company, valued at $685,762. This represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in 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 buying an additional 829 shares during the period. FMR LLC grew its stake in shares of 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 in the last quarter. Barclays PLC grew its stake in shares of Farmers National Banc by 330.9% during the third quarter. Barclays PLC now owns 55,930 shares of the bank's stock valued at $845,000 after acquiring an additional 42,951 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Farmers National Banc during the fourth quarter worth about $559,000. Finally, State Street Corp lifted its stake in shares of Farmers National Banc by 3.5% in the third quarter. State Street Corp now owns 849,499 shares of the bank's stock worth $12,844,000 after acquiring an additional 28,499 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.
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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