Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Down 18.8% in February

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 219,200 shares, a drop of 18.8% from the February 13th total of 270,100 shares. Based on an average daily volume of 86,300 shares, the short-interest ratio is currently 2.5 days. Approximately 0.6% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several analysts have weighed in on FMNB shares. Piper Sandler lowered their target price on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

Insider Buying and Selling at Farmers National Banc

In related news, Director Gina A. Richardson bought 2,334 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $13.75 per share, with a total value of $32,092.50. Following the completion of the transaction, the director now directly owns 9,896 shares of the company’s stock, valued at $136,070. This represents a 30.86 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph D. Macali sold 14,300 shares of Farmers National Banc stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the transaction, the director now owns 48,983 shares of the company’s stock, valued at $685,762. The trade was a 22.60 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FMNB. FMR LLC boosted its holdings in shares of Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the period. R Squared Ltd bought a new position in shares of Farmers National Banc in the 4th quarter valued at about $31,000. Aquatic Capital Management LLC acquired a new stake in Farmers National Banc in the 4th quarter valued at about $36,000. Huntington National Bank increased its position in Farmers National Banc by 41.2% during the fourth quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock worth $49,000 after buying an additional 1,000 shares during the last quarter. Finally, Matrix Trust Co raised its stake in Farmers National Banc by 606.0% in the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock valued at $95,000 after buying an additional 5,733 shares during the period. Institutional investors own 38.72% of the company’s stock.

Farmers National Banc Stock Down 0.2 %

Shares of FMNB stock traded down $0.03 during trading on Tuesday, hitting $13.13. 94,091 shares of the company were exchanged, compared to its average volume of 82,213. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc has a twelve month low of $11.55 and a twelve month high of $16.32. The business’s 50-day simple moving average is $13.78 and its 200 day simple moving average is $14.51. The firm has a market capitalization of $493.88 million, a price-to-earnings ratio of 10.76 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last announced 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 net margin of 17.05% and a return on equity of 11.71%. As a group, analysts forecast that Farmers National Banc will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Friday, March 14th. Farmers National Banc’s dividend payout ratio (DPR) is currently 55.74%.

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.