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

Farmers National Banc Corp. (NASDAQ:FMNB) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 219,200 shares, a decrease of 18.8% from the February 13th total of 270,100 shares. Based on an average trading volume of 86,300 shares, the short-interest ratio is currently 2.5 days. Currently, 0.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FMNB shares. StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler cut their price target 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.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc 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 value of $200,200.00. Following the completion of the sale, the director now owns 48,983 shares in the company, valued at approximately $685,762. This represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gina A. Richardson purchased 2,334 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $13.75 per share, with a total value of $32,092.50. Following the acquisition, the director now directly owns 9,896 shares in the company, valued at approximately $136,070. The trade was a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Farmers National Banc

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in Farmers National Banc by 67.7% in the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the period. R Squared Ltd acquired a new stake in shares of Farmers National Banc in the 4th quarter valued at $31,000. Aquatic Capital Management LLC acquired a new stake in shares of Farmers National Banc in the 4th quarter valued at $36,000. Huntington National Bank raised its holdings in shares of Farmers National Banc by 41.2% in the 4th quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Matrix Trust Co raised its holdings in shares of Farmers National Banc by 606.0% in the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock valued at $95,000 after purchasing an additional 5,733 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Farmers National Banc Trading Up 1.4 %

Shares of NASDAQ:FMNB traded up $0.19 during mid-day trading on Wednesday, reaching $13.32. 68,705 shares of the company were exchanged, compared to its average volume of 82,138. 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 cap of $501.03 million, a price-to-earnings ratio of 10.92 and a beta of 0.86. The firm’s 50-day simple moving average is $13.77 and its 200 day simple moving average is $14.49. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 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%. Equities research analysts forecast that Farmers National Banc will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.11%. Farmers National Banc’s dividend payout ratio is presently 55.74%.

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.