Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $13.32, but opened at $13.60. Farmers National Banc shares last traded at $13.46, with a volume of 7,725 shares.
Analyst Ratings Changes
Several research analysts have commented on FMNB shares. StockNews.com upgraded shares of Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, December 19th. Piper Sandler decreased their price objective on shares of Farmers National Banc from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd.
Check Out Our Latest Analysis on FMNB
Farmers National Banc Stock Up 2.2 %
The business has a fifty day moving average price of $13.78 and a two-hundred day moving average price of $14.45. 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 company has a market cap of $497.65 million, a price-to-earnings ratio of 10.84 and a beta of 0.86.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. On average, equities analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.
Farmers National Banc Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 5.14%. Farmers National Banc's dividend payout ratio is 55.74%.
Insider Activity at Farmers National Banc
In related news, Director Gina A. Richardson purchased 2,334 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the purchase, the director now owns 9,896 shares in the company, valued at $136,070. The trade was a 30.86 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.
Institutional Investors Weigh In On Farmers National Banc
A number of hedge funds have recently bought and sold shares of FMNB. FMR LLC increased its holdings in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank's stock worth $31,000 after purchasing an additional 835 shares during the period. R Squared Ltd bought a new position in shares of Farmers National Banc during the fourth quarter valued at $31,000. Aquatic Capital Management LLC acquired a new position in Farmers National Banc in the fourth quarter valued at about $36,000. Huntington National Bank grew its position in Farmers National Banc by 41.2% during the 4th quarter. Huntington National Bank now owns 3,426 shares of the bank's stock worth $49,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Matrix Trust Co grew its holdings in shares of Farmers National Banc by 606.0% during the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank's stock worth $95,000 after purchasing an additional 5,733 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.
Farmers National Banc Company Profile
(
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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