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

Farmers National Banc Corp. (NASDAQ:FMNB) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 448,000 shares, an increase of 26.1% from the June 30th total of 355,400 shares. Based on an average daily trading volume, of 91,800 shares, the days-to-cover ratio is presently 4.9 days.

Hedge Funds Weigh In On Farmers National Banc

Several large investors have recently made changes to their positions in FMNB. EntryPoint Capital LLC purchased a new stake in shares of Farmers National Banc in the 1st quarter worth approximately $73,000. True Wealth Design LLC purchased a new stake in shares of Farmers National Banc in the fourth quarter worth $89,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Farmers National Banc in the first quarter worth $140,000. Hunter Associates Investment Management LLC increased its holdings in shares of Farmers National Banc by 9.4% during the fourth quarter. Hunter Associates Investment Management LLC now owns 14,893 shares of the bank’s stock valued at $216,000 after acquiring an additional 1,282 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Farmers National Banc by 46.3% in the 4th quarter. New York State Common Retirement Fund now owns 16,817 shares of the bank’s stock worth $243,000 after purchasing an additional 5,320 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FMNB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Raymond James upped 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.67.

Farmers National Banc Stock Up 1.2 %

Shares of NASDAQ FMNB traded up $0.19 during mid-day trading on Tuesday, hitting $15.73. 24,225 shares of the stock traded hands, compared to its average volume of 98,626. The company has a market cap of $590.66 million, a price-to-earnings ratio of 10.83 and a beta of 0.84. The stock has a fifty day moving average price of $12.79 and a 200-day moving average price of $12.97. Farmers National Banc has a 52 week low of $10.38 and a 52 week high of $16.32. 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 announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The business had revenue of $66.45 million during the quarter, compared to analyst estimates of $42.15 million. Farmers National Banc had a return on equity of 14.78% and a net margin of 19.50%. Research analysts anticipate that Farmers National Banc will post 1.36 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Friday, June 14th. Farmers National Banc’s dividend payout ratio is 46.90%.

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.