Farmers National Banc (NASDAQ:FMNB) EVP Mark Wenick Sells 5,000 Shares of Stock

Farmers National Banc Corp. (NASDAQ:FMNB) EVP Mark Wenick sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president directly owned 32,020 shares in the company, valued at $511,359.40. The trade was a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $15.81 on Friday. The firm has a market cap of $936.27 million, a P/E ratio of 10.76 and a beta of 0.76. The business’s 50 day moving average is $14.69 and its 200-day moving average is $13.90. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. Farmers National Banc Corp. has a 1-year low of $12.12 and a 1-year high of $16.16.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%.The business had revenue of $70.44 million during the quarter, compared to the consensus estimate of $70.10 million. Equities research analysts predict that Farmers National Banc Corp. will post 1.68 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.3%. Farmers National Banc’s dividend payout ratio (DPR) is currently 46.26%.

Wall Street Analyst Weigh In

FMNB has been the topic of several research reports. Piper Sandler upped their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded shares of Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and an average price target of $16.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Farmers National Banc by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 363,447 shares of the bank’s stock worth $5,306,000 after purchasing an additional 25,518 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Farmers National Banc by 566.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 29,308 shares of the bank’s stock worth $428,000 after buying an additional 24,911 shares during the last quarter. Fifth Third Bancorp boosted its stake in Farmers National Banc by 5.3% in the second quarter. Fifth Third Bancorp now owns 20,092 shares of the bank’s stock valued at $293,000 after buying an additional 1,006 shares in the last quarter. Sax Wealth Advisors LLC bought a new position in Farmers National Banc in the second quarter valued at about $184,000. Finally, Parallel Advisors LLC raised 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. 38.72% of the stock is owned by institutional investors.

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.