Insider Buying: Farmers National Banc (NASDAQ:FMNB) Director Purchases $21,950.50 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina Richardson purchased 1,430 shares of the business’s stock in a transaction on Monday, September 21st. The shares were bought at an average price of $15.35 per share, for a total transaction of $21,950.50. Following the purchase, the director directly owned 19,026 shares in the company, valued at $292,049.10. This represents a 8.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Farmers National Banc Stock Performance

Shares of NASDAQ FMNB traded up $0.01 during midday trading on Tuesday, reaching $15.31. The company had a trading volume of 116,447 shares, compared to its average volume of 410,829. Farmers National Banc Corp. has a 1 year low of $12.12 and a 1 year high of $16.46. The business’s 50-day simple moving average is $15.62 and its 200 day simple moving average is $14.45. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $907.38 million, a P/E ratio of 10.42 and a beta of 0.76.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 12.03%. The firm had revenue of $70.44 million for the quarter, compared to analyst estimates of $70.10 million. On average, analysts forecast that Farmers National Banc Corp. will post 1.68 earnings per share for the current fiscal year.

Farmers National Banc Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.18 dividend. This is a boost from Farmers National Banc’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, September 11th. Farmers National Banc’s dividend payout ratio is currently 48.98%.

Institutional Investors Weigh In On Farmers National Banc

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in Farmers National Banc by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 15,227 shares of the bank’s stock valued at $200,000 after acquiring an additional 920 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in Farmers National Banc by 2.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after acquiring an additional 966 shares during the last quarter. Fifth Third Bancorp raised its holdings in Farmers National Banc by 5.3% in the 2nd quarter. Fifth Third Bancorp now owns 20,092 shares of the bank’s stock valued at $293,000 after buying an additional 1,006 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Farmers National Banc by 2.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 55,292 shares of the bank’s stock worth $728,000 after acquiring an additional 1,123 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Farmers National Banc by 86.1% during the first quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after buying an additional 1,288 shares during the period. 38.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on FMNB shares. Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of Farmers National Banc from a “hold” rating to a “buy” rating in a report on Sunday, August 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Farmers National Banc currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Farmers National Banc Company Profile

Farmers National Banc Corp. (NASDAQ: FMNB) is a bank holding company headquartered in Canfield, Ohio. The company traces its roots to 1887 and operates primarily through Farmers National Bank, a community banking institution serving businesses, individuals and organizations in northeastern Ohio and western Pennsylvania.

Farmers National Bank provides deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services.