Farmers National Banc Corp. (NASDAQ:FMNB) Director Purchases $32,092.50 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina A. Richardson acquired 2,334 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $13.75 per share, with a total value of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company’s stock, valued at $136,070. This represents a 30.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Farmers National Banc Trading Down 1.9 %

NASDAQ FMNB opened at $13.67 on Thursday. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32. The stock has a market cap of $513.83 million, a P/E ratio of 11.20 and a beta of 0.86. The stock’s fifty day moving average price is $13.89 and its 200-day moving average price is $14.60. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. As a group, equities analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a dividend yield of 4.97%. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.74%.

Institutional Investors Weigh In On Farmers National Banc

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Farmers National Banc by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank’s stock valued at $28,991,000 after buying an additional 88,392 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Farmers National Banc by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,158,133 shares of the bank’s stock valued at $16,468,000 after buying an additional 60,514 shares during the last quarter. State Street Corp boosted its position in shares of Farmers National Banc by 3.5% during the third quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after buying an additional 28,499 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Farmers National Banc by 5.5% during the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock valued at $12,802,000 after buying an additional 44,349 shares during the last quarter. Finally, Farmers Trust Co. lifted its holdings in Farmers National Banc by 5.8% in the fourth quarter. Farmers Trust Co. now owns 440,742 shares of the bank’s stock valued at $6,267,000 after acquiring an additional 24,222 shares during the period. 38.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FMNB. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler cut their target price on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

About Farmers National Banc

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.