Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Down 17.5% in September

Farmers National Banc Corp. (NASDAQ:FMNB) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 258,400 shares, a decline of 17.5% from the September 15th total of 313,400 shares. Based on an average daily volume of 89,100 shares, the short-interest ratio is presently 2.9 days.

Insider Transactions at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the business’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 sale, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now directly owns 35,282 shares in the company, valued at $529,230. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the sale, the executive vice president now owns 27,116 shares in the company, valued at $430,602.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC bought a new position in shares of Farmers National Banc during the 1st quarter worth $73,000. Price T Rowe Associates Inc. MD purchased a new stake in Farmers National Banc during the 1st quarter worth about $140,000. Cubist Systematic Strategies LLC lifted its holdings in Farmers National Banc by 8.1% during the 2nd 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. SG Americas Securities LLC purchased a new stake in Farmers National Banc during the 3rd quarter worth about $214,000. Finally, Busey Bank purchased a new stake in Farmers National Banc during the 2nd quarter worth about $224,000. Institutional investors own 38.72% of the company’s stock.

Farmers National Banc Price Performance

Shares of NASDAQ:FMNB opened at $15.13 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22. Farmers National Banc has a twelve month low of $10.38 and a twelve month high of $16.32. The stock’s 50 day moving average is $14.74 and its 200-day moving average is $13.47. The firm has a market capitalization of $568.13 million, a price-to-earnings ratio of 10.43 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The business had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. Sell-side analysts forecast that Farmers National Banc will post 1.36 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.49%. Farmers National Banc’s dividend payout ratio (DPR) is presently 46.90%.

Analyst Ratings Changes

Several brokerages have issued reports on FMNB. Raymond James boosted their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. StockNews.com lowered Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price target (up from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.67.

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.