Farmers National Banc (NASDAQ:FMNB) Director Acquires $509,600.00 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Edward Muransky purchased 40,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $12.74 per share, with a total value of $509,600.00. Following the transaction, the director directly owned 196,020 shares of the company’s stock, valued at $2,497,294.80. This represents a 25.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Farmers National Banc Trading Down 2.4%

Shares of FMNB opened at $12.53 on Friday. Farmers National Banc Corp. has a fifty-two week low of $11.58 and a fifty-two week high of $15.50. The company has a market capitalization of $471.75 million, a PE ratio of 8.64 and a beta of 0.85. The stock has a fifty day moving average of $13.32 and a two-hundred day moving average of $13.79. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). The company had revenue of $49.89 million during the quarter, compared to analyst estimates of $50.70 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 13.34%. As a group, analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.4%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Hedge Funds Weigh In On Farmers National Banc

Several large investors have recently bought and sold shares of FMNB. Vanguard Group Inc. grew its holdings in Farmers National Banc by 2.5% during the third quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock worth $30,655,000 after acquiring an additional 52,854 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Farmers National Banc by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,235,427 shares of the bank’s stock valued at $17,802,000 after acquiring an additional 5,871 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Farmers National Banc by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 917,657 shares of the bank’s stock valued at $12,657,000 after purchasing an additional 42,803 shares in the last quarter. Farmers Trust Co. grew its stake in shares of Farmers National Banc by 0.4% in the 3rd quarter. Farmers Trust Co. now owns 548,235 shares of the bank’s stock worth $7,900,000 after purchasing an additional 2,300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Farmers National Banc by 0.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 419,077 shares of the bank’s stock worth $5,779,000 after purchasing an additional 2,880 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FMNB shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. Wall Street Zen raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday. Piper Sandler reduced their target price on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Finally, Zacks Research downgraded Farmers National Banc from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.50.

About Farmers National Banc

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.