Farmers National Banc (NASDAQ:FMNB) Director Gina Richardson Purchases 1,430 Shares

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina Richardson acquired 1,430 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were bought at an average cost of $15.35 per share, with a total value of $21,950.50. Following the purchase, the director owned 19,026 shares in the company, valued at approximately $292,049.10. The trade was a 8.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Farmers National Banc Trading Up 0.1%

Shares of FMNB stock opened at $15.32 on Wednesday. The firm’s 50-day simple moving average is $15.64 and its 200-day simple moving average is $14.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.79 and a quick ratio of 0.79. Farmers National Banc Corp. has a 1-year low of $12.12 and a 1-year high of $16.46. The firm has a market cap of $907.71 million, a P/E ratio of 10.42 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $70.44 million during the quarter, compared to analyst estimates of $70.10 million. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. As a group, equities analysts forecast that Farmers National Banc Corp. will post 1.68 EPS for the current year.

Farmers National Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, September 11th. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.17. Farmers National Banc’s payout ratio is currently 48.98%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings upgraded Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Wall Street Zen raised Farmers National Banc from a “hold” rating to a “buy” rating in a research note on Sunday, August 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Farmers National Banc has a consensus rating of “Hold” and a consensus price target of $16.00.

Institutional Trading of Farmers National Banc

Large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Farmers National Banc by 60.1% in the 2nd quarter. State Street Corp now owns 1,989,971 shares of the bank’s stock worth $29,054,000 after acquiring an additional 746,719 shares during the period. BlackRock Inc. raised its stake in shares of Farmers National Banc by 13.5% during the second quarter. BlackRock Inc. now owns 4,798,011 shares of the bank’s stock valued at $70,051,000 after purchasing an additional 569,057 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Farmers National Banc during the second quarter worth $6,827,000. Dimensional Fund Advisors LP lifted its position in shares of Farmers National Banc by 24.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock worth $20,264,000 after purchasing an additional 302,397 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Farmers National Banc in the second quarter valued at $3,354,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

About Farmers National Banc

Farmers National Banc Corp. (NASDAQ: FMNB) is a bank holding company headquartered in Canfield, Ohio. The company traces its roots to 1887 and operates primarily through Farmers National Bank, a community banking institution serving businesses, individuals and organizations in northeastern Ohio and western Pennsylvania.

Farmers National Bank provides deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services.