Insider Selling: Farmers National Banc Corp. (NASDAQ:FMNB) Director Sells 14,300 Shares of Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Ralph D. Macali sold 14,300 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now directly owns 48,983 shares of the company’s stock, valued at approximately $685,762. This trade represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Farmers National Banc Trading Up 1.8 %

NASDAQ FMNB opened at $13.98 on Wednesday. The company has a market cap of $525.51 million, a PE ratio of 11.46 and a beta of 0.86. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc Corp. has a 12 month low of $11.55 and a 12 month high of $16.32. The stock has a 50 day moving average of $14.35 and a 200-day moving average of $14.65.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, equities research analysts anticipate that Farmers National Banc Corp. will post 1.44 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc’s payout ratio is presently 55.74%.

Institutional Investors Weigh In On Farmers National Banc

Several hedge funds have recently added to or reduced their stakes in FMNB. Bank of New York Mellon Corp lifted its holdings in Farmers National Banc by 59.2% during the 4th quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock valued at $4,486,000 after purchasing an additional 117,384 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Farmers National Banc by 142.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,133 shares of the bank’s stock valued at $1,151,000 after purchasing an additional 44,783 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Farmers National Banc by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 846,454 shares of the bank’s stock valued at $12,802,000 after purchasing an additional 44,349 shares during the last quarter. Barclays PLC lifted its holdings in Farmers National Banc by 330.9% during the 3rd quarter. Barclays PLC now owns 55,930 shares of the bank’s stock valued at $845,000 after purchasing an additional 42,951 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Farmers National Banc by 93.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock valued at $1,260,000 after purchasing an additional 40,367 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FMNB shares. Piper Sandler reduced their price target on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

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.