Farmers National Banc (NASDAQ:FMNB) Trading Down 4.5% - Time to Sell?

Shares of Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) traded down 4.5% during mid-day trading on Wednesday . The company traded as low as $14.25 and last traded at $14.25. 8,181 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 93,832 shares. The stock had previously closed at $14.92.

Analyst Upgrades and Downgrades

FMNB has been the subject of several recent research reports. StockNews.com upgraded shares of Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $15.00 target price (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Finally, Raymond James boosted their target price on Farmers National Banc from $16.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $15.67.

Farmers National Banc Stock Performance

The stock has a market cap of $531.71 million, a P/E ratio of 9.77 and a beta of 0.82. The stock's 50 day simple moving average is $14.88 and its two-hundred day simple moving average is $13.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, meeting analysts' consensus estimates of $0.33. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The firm had revenue of $66.45 million for the quarter, compared to analyst estimates of $42.15 million. As a group, research analysts forecast that Farmers National Banc Corp. will post 1.36 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.80%. Farmers National Banc's dividend payout ratio is presently 46.90%.

Insider Activity

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 transaction, the executive vice president now owns 35,282 shares in the company, valued at $529,230. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Mark J. Wenick sold 2,000 shares of Farmers National Banc stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the transaction, the executive vice president now owns 27,116 shares in the company, valued at approximately $430,602.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy F. Shaffer sold 1,799 shares of the business's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now directly owns 35,282 shares of the company's stock, valued at $529,230. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Farmers National Banc by 74.8% in the first quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank's stock valued at $242,000 after buying an additional 7,761 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Farmers National Banc during the first quarter worth $73,000. PEAK6 Investments LLC bought a new stake in shares of Farmers National Banc in the first quarter worth $248,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Farmers National Banc in the first quarter worth $140,000. Finally, Twelve Points Wealth Management LLC lifted its holdings in Farmers National Banc by 12.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank's stock worth $678,000 after buying an additional 5,987 shares during the period. Institutional investors and hedge funds own 38.72% of the company's stock.

About Farmers National Banc

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.