Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Update

Farmers National Banc Corp. (NASDAQ:FMNB) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 255,300 shares, a decrease of 8.2% from the October 31st total of 278,000 shares. Based on an average daily trading volume, of 85,300 shares, the short-interest ratio is presently 3.0 days.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMNB. Geode Capital Management LLC grew its position in Farmers National Banc by 5.5% in the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock worth $12,802,000 after acquiring an additional 44,349 shares in the last quarter. Barclays PLC boosted its holdings in Farmers National Banc by 330.9% in the third quarter. Barclays PLC now owns 55,930 shares of the bank’s stock worth $845,000 after purchasing an additional 42,951 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Farmers National Banc by 93.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after buying an additional 40,367 shares during the last quarter. State Street Corp raised its holdings in 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 in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Farmers National Banc in the third quarter worth about $311,000. Institutional investors own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

FMNB has been the subject of several recent research reports. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Piper Sandler reissued a “neutral” rating and set a $17.00 price objective on shares of Farmers National Banc in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.67.

Farmers National Banc Stock Down 1.8 %

Farmers National Banc stock traded down $0.29 during trading hours on Tuesday, hitting $15.55. The company had a trading volume of 48,539 shares, compared to its average volume of 93,275. Farmers National Banc has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. 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 firm has a market capitalization of $584.52 million, a P/E ratio of 12.64 and a beta of 0.86. The firm’s fifty day moving average is $14.87 and its 200-day moving average is $14.09.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). Farmers National Banc had a return on equity of 11.92% and a net margin of 17.26%. The firm had revenue of $70.26 million for the quarter, compared to analysts’ expectations of $42.90 million. On average, research analysts forecast that Farmers National Banc will post 1.23 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.37%. Farmers National Banc’s dividend payout ratio is currently 55.28%.

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.