Edward Muransky Purchases 40,000 Shares of Farmers National Banc (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Edward Muransky acquired 40,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $12.74 per share, with a total value of $509,600.00. Following the transaction, the director directly owned 196,020 shares of the company’s stock, valued at $2,497,294.80. This represents a 25.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB traded up $0.07 during trading on Wednesday, hitting $13.20. 210,552 shares of the company were exchanged, compared to its average volume of 421,047. The firm’s fifty day moving average price is $13.37 and its 200 day moving average price is $13.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $496.98 million, a price-to-earnings ratio of 9.10 and a beta of 0.85. Farmers National Banc Corp. has a 1 year low of $11.58 and a 1 year high of $15.50.

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

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, February 13th. Farmers National Banc’s dividend payout ratio (DPR) is presently 46.90%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Farmers National Banc by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock worth $30,655,000 after purchasing an additional 52,854 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Farmers National Banc by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,235,427 shares of the bank’s stock worth $17,802,000 after acquiring an additional 5,871 shares during the period. Geode Capital Management LLC grew its stake in Farmers National Banc by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 917,657 shares of the bank’s stock worth $12,657,000 after acquiring an additional 42,803 shares during the period. Farmers Trust Co. raised its holdings in Farmers National Banc by 0.4% in the 3rd quarter. Farmers Trust Co. now owns 548,235 shares of the bank’s stock valued at $7,900,000 after acquiring an additional 2,300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Farmers National Banc by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 419,077 shares of the bank’s stock worth $5,779,000 after purchasing an additional 2,880 shares during the period. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analysts Set New Price Targets

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

About Farmers National Banc

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.