Gina A. Richardson Buys 997 Shares of Farmers National Banc Corp. (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina A. Richardson purchased 997 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of $12.29 per share, for a total transaction of $12,253.13. Following the completion of the purchase, the director now directly owns 6,057 shares in the company, valued at $74,440.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Farmers National Banc Price Performance

FMNB opened at $12.36 on Monday. The company’s 50 day simple moving average is $12.53 and its 200 day simple moving average is $13.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. Farmers National Banc Corp. has a 1 year low of $10.38 and a 1 year high of $14.75. The stock has a market capitalization of $464.12 million, a PE ratio of 8.52 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, April 24th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. Farmers National Banc had a net margin of 21.05% and a return on equity of 15.68%. The business had revenue of $40.04 million for the quarter, compared to analysts’ expectations of $42.46 million. As a group, sell-side analysts expect that Farmers National Banc Corp. will post 1.32 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.68 dividend on an annualized basis and a yield of 5.50%. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

Analysts Set New Price Targets

Separately, Piper Sandler started coverage on shares of Farmers National Banc in a research note on Friday, February 23rd. They set a “neutral” rating and a $14.00 price target on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Farmers National Banc has an average rating of “Hold” and an average price target of $15.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FMNB. Bank of New York Mellon Corp lifted its position in Farmers National Banc by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 323,535 shares of the bank’s stock valued at $3,740,000 after buying an additional 3,515 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Farmers National Banc by 98.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,733 shares of the bank’s stock valued at $124,000 after buying an additional 5,312 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in Farmers National Banc by 0.8% during the third quarter. Johnson Investment Counsel Inc. now owns 147,560 shares of the bank’s stock valued at $1,706,000 after buying an additional 1,200 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Farmers National Banc by 14.9% during the third quarter. Kestra Advisory Services LLC now owns 20,378 shares of the bank’s stock valued at $236,000 after purchasing an additional 2,650 shares during the period. Finally, Clearstead Advisors LLC raised its stake in shares of Farmers National Banc by 380.4% during the third quarter. Clearstead Advisors LLC now owns 17,810 shares of the bank’s stock valued at $206,000 after purchasing an additional 14,103 shares during the period. 38.72% of the stock is owned by institutional investors and hedge funds.

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.