Farmers National Banc (NASDAQ:FMNB) Director Michael Voinovich Sells 23,309 Shares

Farmers National Banc Corp. (NASDAQ:FMNB) Director Michael Voinovich sold 23,309 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total value of $331,220.89. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Farmers National Banc Price Performance

Farmers National Banc stock opened at $14.39 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $852.18 million, a PE ratio of 9.92 and a beta of 0.76. Farmers National Banc Corp. has a 12 month low of $12.12 and a 12 month high of $15.50. The stock has a 50-day moving average price of $14.11 and a two-hundred day moving average price of $13.63.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The company had revenue of $56.26 million during the quarter, compared to the consensus estimate of $55.30 million. Analysts expect that Farmers National Banc Corp. will post 1.62 EPS for the current year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, June 12th. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Weiss Ratings upgraded Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Wall Street Zen raised Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Piper Sandler boosted their price objective on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its stake in Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after acquiring an additional 1,288 shares in the last quarter. Bank of America Corp DE increased its stake in Farmers National Banc by 99.1% in the first quarter. Bank of America Corp DE now owns 105,394 shares of the bank’s stock valued at $1,387,000 after purchasing an additional 52,450 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Farmers National Banc by 153.8% during the first quarter. Janus Henderson Group PLC now owns 34,987 shares of the bank’s stock valued at $461,000 after purchasing an additional 21,200 shares during the period. Amundi bought a new position in shares of Farmers National Banc during the 1st quarter worth about $382,000. Finally, California State Teachers Retirement System boosted its position in shares of Farmers National Banc by 52.2% during the 1st quarter. California State Teachers Retirement System now owns 52,654 shares of the bank’s stock worth $693,000 after purchasing an additional 18,049 shares in the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.