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

Farmers National Banc Corp. (NASDAQ:FMNB) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 240,700 shares, a decline of 5.7% from the November 15th total of 255,300 shares. Based on an average trading volume of 83,800 shares, the short-interest ratio is currently 2.9 days.

Farmers National Banc Trading Down 2.3 %

Shares of FMNB stock opened at $15.21 on Wednesday. The stock has a 50 day simple moving average of $15.09 and a 200 day simple moving average of $14.34. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The stock has a market cap of $571.71 million, a P/E ratio of 12.37 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The company had revenue of $70.26 million during the quarter, compared to analyst estimates of $42.90 million. On average, research analysts predict that Farmers National Banc will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.47%. Farmers National Banc’s payout ratio is 55.28%.

Institutional Investors Weigh In On Farmers National Banc

Several large investors have recently modified their holdings of FMNB. FMR LLC boosted its position in Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after buying an additional 829 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Farmers National Banc in the 1st quarter valued at $140,000. Virtus Investment Advisers Inc. acquired a new position in shares of Farmers National Banc during the 3rd quarter valued at $148,000. Finally, PEAK6 Investments LLC bought a new position in Farmers National Banc during the third quarter worth $157,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler reiterated a “neutral” rating and set a $17.00 target price on shares of Farmers National Banc in a research note on Thursday, November 21st. StockNews.com cut Farmers National Banc from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th.

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.