Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Up 32.4% in January

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 1,885,348 shares, an increase of 32.4% from the January 15th total of 1,424,041 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily volume of 345,761 shares, the short-interest ratio is presently 5.5 days. Based on an average daily volume of 345,761 shares, the short-interest ratio is presently 5.5 days. Currently, 5.2% of the company’s stock are short sold.

Farmers National Banc Price Performance

NASDAQ:FMNB opened at $13.46 on Wednesday. The company has a market cap of $506.77 million, a P/E ratio of 9.28 and a beta of 0.85. The firm’s fifty day moving average price is $13.58 and its two-hundred day moving average price is $13.86. Farmers National Banc has a one year low of $11.58 and a one year high of $15.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.07). Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%.The company had revenue of $49.89 million for the quarter, compared to the consensus estimate of $50.70 million. Equities analysts expect that Farmers National Banc will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.1%. Farmers National Banc’s payout ratio is currently 46.90%.

Institutional Investors Weigh In On Farmers National Banc

A number of hedge funds and other institutional investors have recently made changes to their positions in FMNB. Geode Capital Management LLC boosted its position in Farmers National Banc by 4.9% in the second quarter. Geode Capital Management LLC now owns 917,657 shares of the bank’s stock valued at $12,657,000 after buying an additional 42,803 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Farmers National Banc by 193.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 45,492 shares of the bank’s stock valued at $627,000 after acquiring an additional 29,985 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Farmers National Banc by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,973 shares of the bank’s stock valued at $372,000 after acquiring an additional 1,130 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Farmers National Banc in the 2nd quarter worth about $345,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Farmers National Banc in the 2nd quarter worth about $354,000. 38.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FMNB has been the subject of several analyst reports. Wall Street Zen cut Farmers National Banc from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Zacks Research lowered Farmers National Banc from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Piper Sandler dropped their price objective on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Farmers National Banc has an average rating of “Hold” and an average target price of $14.50.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.