Insider Buying: Farmers National Banc (NASDAQ:FMNB) Director Purchases $15,892.21 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina Richardson purchased 1,231 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $12.91 per share, for a total transaction of $15,892.21. Following the transaction, the director directly owned 15,305 shares in the company, valued at approximately $197,587.55. This represents a 8.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Farmers National Banc Stock Performance

FMNB stock opened at $12.53 on Friday. 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 business has a 50-day moving average price of $13.32 and a 200 day moving average price of $13.79. The company has a market capitalization of $471.75 million, a P/E ratio of 8.64 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 issued its earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.07). The business had revenue of $49.89 million for the quarter, compared to the consensus estimate of $50.70 million. Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%. As a group, equities research analysts forecast that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a yield of 5.4%. Farmers National Banc’s payout ratio is 46.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a report on Monday, December 29th. Piper Sandler reduced their target price on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Zacks Research lowered shares of Farmers National Banc from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Farmers National Banc currently has an average rating of “Hold” and a consensus target price of $14.50.

Institutional Trading of Farmers National Banc

A number of institutional investors have recently made changes to their positions in the business. Smithfield Trust Co acquired a new position in Farmers National Banc during the 4th quarter valued at about $30,000. Godfrey Financial Associates Inc. acquired a new position in shares of Farmers National Banc during the fourth quarter valued at about $37,000. Russell Investments Group Ltd. raised its position in shares of Farmers National Banc by 9,065.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,208 shares of the bank’s stock valued at $46,000 after purchasing an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Farmers National Banc by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock worth $62,000 after purchasing an additional 1,487 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Farmers National Banc by 220.1% during the 4th quarter. State of Alaska Department of Revenue now owns 4,827 shares of the bank’s stock worth $64,000 after purchasing an additional 3,319 shares during the last quarter. Institutional investors and hedge funds own 38.72% of the company’s stock.

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.