Farmers National Banc (NASDAQ:FMNB) Stock Price Passes Above 200-Day Moving Average of $13.16

Shares of Farmers National Banc Corp. (NASDAQ:FMNB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.16 and traded as high as $15.25. Farmers National Banc shares last traded at $15.00, with a volume of 35,473 shares.

Analyst Upgrades and Downgrades

FMNB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James increased their price objective on shares of Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Farmers National Banc has a consensus rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Stock Performance

The stock has a market cap of $559.87 million, a price-to-earnings ratio of 10.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The company’s 50 day simple moving average is $14.28 and its 200 day simple moving average is $13.16.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $66.45 million for the quarter, compared to analysts’ expectations of $42.15 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. On average, equities research analysts anticipate that Farmers National Banc Corp. will post 1.37 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.56%. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

Insider Activity

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the transaction, the executive vice president now owns 35,282 shares in the company, valued at approximately $529,230. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Mark J. Wenick sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total transaction of $31,760.00. Following the completion of the transaction, the executive vice president now owns 27,116 shares in the company, valued at approximately $430,602.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the transaction, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. The disclosure for this sale can be found here. In the last quarter, insiders acquired 1,393 shares of company stock worth $17,110. Corporate insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in shares of Farmers National Banc in the first quarter worth about $73,000. True Wealth Design LLC purchased a new stake in shares of Farmers National Banc in the fourth quarter worth approximately $89,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Farmers National Banc in the first quarter worth approximately $140,000. Cubist Systematic Strategies LLC lifted its position in shares of Farmers National Banc by 8.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Farmers National Banc by 46.3% during the fourth quarter. New York State Common Retirement Fund now owns 16,817 shares of the bank’s stock valued at $243,000 after acquiring an additional 5,320 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

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.