Farmers National Banc Corp. (NASDAQ:FMNB) Director Sells $200,200.00 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Ralph D. Macali sold 14,300 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now directly owns 48,983 shares of the company’s stock, valued at $685,762. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Farmers National Banc Stock Down 0.2 %

Farmers National Banc stock opened at $13.73 on Tuesday. The stock has a market cap of $516.11 million, a PE ratio of 11.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s fifty day moving average is $14.39 and its two-hundred day moving average is $14.66. Farmers National Banc Corp. has a 1-year low of $11.55 and a 1-year high of $16.32.

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 analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, sell-side analysts expect that Farmers National Banc Corp. will post 1.44 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.95%. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FMNB. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler decreased their price target on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. State Street Corp lifted its position in Farmers National Banc by 3.5% in the third quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after acquiring an additional 28,499 shares during the last quarter. Geode Capital Management LLC increased 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 worth $12,802,000 after purchasing an additional 44,349 shares in the last quarter. Farmers Trust Co. lifted its holdings in shares of Farmers National Banc by 5.8% in the 4th quarter. Farmers Trust Co. now owns 440,742 shares of the bank’s stock valued at $6,267,000 after purchasing an additional 24,222 shares during the last quarter. Rosenthal Henry Capital Advisors Inc. boosted its position in shares of Farmers National Banc by 2.1% in the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 142,661 shares of the bank’s stock valued at $2,157,000 after purchasing an additional 3,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Farmers National Banc by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock worth $1,560,000 after buying an additional 2,241 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.