Farmers National Banc (NASDAQ:FMNB) Sees Strong Trading Volume

Farmers National Banc Corp. (NASDAQ:FMNB) saw unusually-strong trading volume on Friday . Approximately 73,727 shares traded hands during trading, a decline of 22% from the previous session’s volume of 94,455 shares.The stock last traded at $15.63 and had previously closed at $15.77.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FMNB. Raymond James raised their target price on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.67.

Farmers National Banc Stock Performance

The stock has a market cap of $589.54 million, a PE ratio of 10.73 and a beta of 0.82. The stock has a fifty day simple moving average of $14.78 and a two-hundred day simple moving average of $13.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73.

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

Farmers National Banc Announces Dividend

The firm also recently announced 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, September 13th. Farmers National Banc’s payout ratio is 46.90%.

Insider Buying and Selling

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the sale, the executive vice president now owns 27,116 shares in the company, valued at approximately $430,602.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value 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. Insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC grew its position in shares of Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after acquiring an additional 997 shares in the last quarter. Inspire Investing LLC boosted its holdings in Farmers National Banc by 6.0% in the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after purchasing an additional 1,625 shares during the period. HBK Sorce Advisory LLC increased its stake in Farmers National Banc by 4.8% during the second quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock valued at $620,000 after purchasing an additional 2,258 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Farmers National Banc during the first quarter worth $73,000. Finally, Twelve Points Wealth Management LLC lifted its position in shares of Farmers National Banc by 12.4% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 54,269 shares of the bank’s stock worth $678,000 after buying an additional 5,987 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.