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

Farmers National Banc Corp. (NASDAQ:FMNB) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 268,700 shares, an increase of 22.6% from the February 28th total of 219,200 shares. Based on an average trading volume of 89,200 shares, the short-interest ratio is currently 3.0 days. Currently, 0.7% of the shares of the stock are short sold.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Gina A. Richardson purchased 2,334 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $13.75 per share, with a total value of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company’s stock, valued at approximately $136,070. This represents a 30.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ralph D. Macali sold 14,300 shares of the firm’s 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 sale, the director now directly owns 48,983 shares in the company, valued at $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Farmers National Banc by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank’s stock worth $28,991,000 after buying an additional 88,392 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Farmers National Banc by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,158,133 shares of the bank’s stock valued at $16,468,000 after purchasing an additional 60,514 shares during the period. State Street Corp boosted its position in shares of Farmers National Banc by 3.5% during the 3rd quarter. State Street Corp now owns 849,499 shares of the bank’s stock valued at $12,844,000 after purchasing an additional 28,499 shares in the last quarter. Geode Capital Management LLC grew its stake in Farmers National Banc by 5.5% during the third quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock worth $12,802,000 after purchasing an additional 44,349 shares during the period. Finally, Farmers Trust Co. increased its holdings in Farmers National Banc by 5.8% in the fourth quarter. Farmers Trust Co. now owns 440,742 shares of the bank’s stock worth $6,267,000 after purchasing an additional 24,222 shares in the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Trading Down 0.3 %

NASDAQ:FMNB traded down $0.04 during mid-day trading on Wednesday, hitting $13.12. 115,369 shares of the company’s stock were exchanged, compared to its average volume of 88,558. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. 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 50 day simple moving average of $13.74 and a 200-day simple moving average of $14.35. The firm has a market capitalization of $493.51 million, a P/E ratio of 10.75 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Farmers National Banc will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.18%. Farmers National Banc’s payout ratio is 55.74%.

Analyst Ratings Changes

Several brokerages recently commented on FMNB. Piper Sandler dropped 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 research note on Monday, February 3rd. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

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.