Insider Selling: Farmers National Banc Corp. (NASDAQ:FMNB) Director Sells 14,300 Shares of Stock

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

Farmers National Banc Stock Down 0.7 %

Farmers National Banc stock traded down $0.09 during trading hours on Monday, reaching $13.67. The stock had a trading volume of 29,936 shares, compared to its average volume of 73,826. The company has a market cap of $513.86 million, a price-to-earnings ratio of 11.24 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 business’s 50 day moving average price is $14.39 and its 200-day moving average price is $14.66. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Sell-side analysts anticipate that Farmers National Banc Corp. will post 1.44 EPS for the current 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 issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.97%. Farmers National Banc’s dividend payout ratio (DPR) is currently 55.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FMNB shares. StockNews.com raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler reduced their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Monday.

Hedge Funds Weigh In On Farmers National Banc

Several hedge funds have recently modified their holdings of FMNB. FMR LLC increased its holdings in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares in the last quarter. R Squared Ltd acquired a new position in shares of Farmers National Banc during the fourth quarter valued at about $31,000. Matrix Trust Co increased its holdings in shares of Farmers National Banc by 606.0% during the fourth quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock valued at $95,000 after acquiring an additional 5,733 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after buying an additional 829 shares during the last quarter. Finally, Asset Dedication LLC boosted its position in Farmers National Banc by 1,998.9% in the fourth quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock valued at $134,000 after buying an additional 8,975 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.