Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Update

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 253,300 shares, a growth of 5.2% from the November 30th total of 240,700 shares. Based on an average daily trading volume, of 89,000 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Ratings Changes

Several equities research analysts have recently commented on FMNB shares. Piper Sandler reissued a "neutral" rating and set a $17.00 price target on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com raised Farmers National Banc from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th.

Farmers National Banc Trading Up 0.9 %

Farmers National Banc stock traded up $0.13 during midday trading on Wednesday, reaching $14.22. The stock had a trading volume of 92,400 shares, compared to its average volume of 93,945. The stock's 50-day simple moving average is $14.97 and its 200 day simple moving average is $14.49. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $534.50 million, a PE ratio of 11.56 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. Analysts expect that Farmers National Banc will post 1.23 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.78%. Farmers National Banc's dividend payout ratio (DPR) is presently 55.28%.

Institutional Investors Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently modified their holdings of FMNB. BNP Paribas Financial Markets raised its stake in Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank's stock worth $124,000 after acquiring an additional 829 shares during the period. FMR LLC lifted its holdings in shares of Farmers National Banc by 67.7% in 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 last quarter. Cubist Systematic Strategies LLC boosted its position in Farmers National Banc by 8.1% during 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. Inspire Investing LLC boosted its position in Farmers National Banc by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 28,564 shares of the bank's stock valued at $357,000 after purchasing an additional 1,625 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Farmers National Banc by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank's stock worth $1,560,000 after buying an additional 2,241 shares during the last quarter. Institutional investors own 38.72% of the company's stock.

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.