Farmers National Banc Corp. (NASDAQ:FMNB) Sees Significant Increase in Short Interest

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 294,900 shares, a growth of 14.1% from the September 30th total of 258,400 shares. Based on an average daily trading volume, of 87,300 shares, the short-interest ratio is presently 3.4 days.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James lifted their target price on Farmers National Banc from $16.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. StockNews.com raised shares of Farmers National Banc from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Farmers National Banc currently has an average rating of "Hold" and a consensus price target of $15.67.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB traded down $0.25 during trading hours on Tuesday, hitting $13.86. 97,282 shares of the stock were exchanged, compared to its average volume of 94,437. Farmers National Banc has a 1-year low of $10.87 and a 1-year high of $16.32. The company's fifty day simple moving average is $14.86 and its two-hundred day simple moving average is $13.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $520.44 million, a PE ratio of 9.73 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The company had revenue of $70.26 million for the quarter, compared to analyst estimates of $42.90 million. On average, sell-side analysts predict that Farmers National Banc will post 1.36 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.91%. Farmers National Banc's dividend payout ratio (DPR) is presently 46.90%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now owns 35,282 shares of the company's stock, valued at $529,230. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On Farmers National Banc

A number of hedge funds have recently made changes to their positions in FMNB. EntryPoint Capital LLC bought a new position in Farmers National Banc during the first quarter worth $73,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Farmers National Banc in the 1st quarter worth approximately $140,000. Cubist Systematic Strategies LLC grew its stake in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank's stock valued at $165,000 after purchasing an additional 997 shares during the period. SG Americas Securities LLC purchased a new stake in Farmers National Banc during the third quarter worth about $214,000. Finally, Busey Bank bought a new stake in shares of Farmers National Banc in the 2nd quarter worth approximately $224,000. 38.72% of the stock is currently owned by 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.

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