Insider Buying: Farmers National Banc Corp. (NASDAQ:FMNB) Director Buys $32,092.50 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina A. Richardson acquired 2,334 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the transaction, the director now owns 9,896 shares in the company, valued at $136,070. The trade was a 30.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB opened at $13.79 on Friday. The firm has a market capitalization of $518.34 million, a P/E ratio of 11.30 and a beta of 0.86. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32. The company’s fifty day moving average is $13.87 and its two-hundred day moving average is $14.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. Analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, March 14th. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FMNB shares. Piper Sandler lowered their price objective on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after buying an additional 835 shares during the last quarter. R Squared Ltd acquired a new position in shares of Farmers National Banc during the 4th quarter worth $31,000. Aquatic Capital Management LLC acquired a new position in shares of Farmers National Banc during the 4th quarter worth $36,000. Huntington National Bank raised its stake in shares of Farmers National Banc by 41.2% during the 4th quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock worth $49,000 after buying an additional 1,000 shares during the last quarter. Finally, Matrix Trust Co raised its stake in shares of Farmers National Banc by 606.0% during the 4th quarter. Matrix Trust Co now owns 6,679 shares of the bank’s stock worth $95,000 after buying an additional 5,733 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Farmers National Banc Company Profile

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.