Farmers National Banc (NASDAQ:FMNB) Shares Gap Down – Time to Sell?

Farmers National Banc Corp. (NASDAQ:FMNB) gapped down before the market opened on Friday . The stock had previously closed at $14.31, but opened at $13.92. Farmers National Banc shares last traded at $14.29, with a volume of 9,630 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FMNB. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler lowered their price objective 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, February 3rd.

Farmers National Banc Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $14.06 and a 200 day moving average price of $14.60. The stock has a market cap of $538.29 million, a PE ratio of 11.74 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping 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%. Analysts expect that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.75%. Farmers National Banc’s payout ratio is currently 55.74%.

Insiders Place Their Bets

In other news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction dated Friday, January 31st. The shares were 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 in the company, valued at approximately $685,762. This represents a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

Several institutional investors and hedge funds have recently bought and sold shares of FMNB. PDT Partners LLC bought a new position in shares of Farmers National Banc during the fourth quarter valued at approximately $246,000. Northern Trust Corp increased its position in Farmers National Banc by 2.4% during the 4th quarter. Northern Trust Corp now owns 346,938 shares of the bank’s stock valued at $4,933,000 after purchasing an additional 8,049 shares during the period. Aquatic Capital Management LLC bought a new position in Farmers National Banc in the 4th quarter worth $36,000. Voya Investment Management LLC boosted its stake in shares of Farmers National Banc by 86.2% during the 4th quarter. Voya Investment Management LLC now owns 265,792 shares of the bank’s stock valued at $3,780,000 after purchasing an additional 123,030 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Farmers National Banc by 17.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,724 shares of the bank’s stock valued at $196,000 after buying an additional 1,995 shares during the period. Hedge funds and other institutional investors 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.