Farmers National Banc (NASDAQ:FMNB) Shares Down 4.5% – Here’s Why

Farmers National Banc Corp. (NASDAQ:FMNB)’s share price was down 4.5% during mid-day trading on Wednesday . The company traded as low as $14.25 and last traded at $14.25. Approximately 8,181 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 93,832 shares. The stock had previously closed at $14.92.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FMNB shares. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Raymond James boosted their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Stock Down 5.6 %

The firm’s 50-day moving average price is $14.87 and its 200 day moving average price is $13.55. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $528.70 million, a price-to-earnings ratio of 9.75 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The firm had revenue of $66.45 million during the quarter, compared to analysts’ expectations of $42.15 million. On average, sell-side analysts forecast that Farmers National Banc Corp. will post 1.36 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.83%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Insider Buying and Selling at Farmers National Banc

In other news, EVP Mark J. Wenick sold 2,000 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the transaction, the executive vice president now owns 27,116 shares of the company’s stock, valued at approximately $430,602.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total transaction of $31,760.00. Following the completion of the transaction, the executive vice president now directly owns 27,116 shares in the company, valued at approximately $430,602.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares in the company, valued at $529,230. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in Farmers National Banc during the 1st quarter worth approximately $73,000. Price T Rowe Associates Inc. MD bought a new position in shares of Farmers National Banc during the first quarter valued at $140,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Farmers National Banc by 8.1% during the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares during the period. SG Americas Securities LLC bought a new stake in shares of Farmers National Banc in the third quarter worth $214,000. Finally, Busey Bank acquired a new stake in Farmers National Banc in the second quarter valued at $224,000. 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.