Insider Selling: Farmers National Banc (NASDAQ:FMNB) Director Sells $331,220.89 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Michael Voinovich sold 23,309 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $14.21, for a total transaction of $331,220.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Farmers National Banc Stock Performance

Shares of FMNB opened at $14.25 on Tuesday. Farmers National Banc Corp. has a 52-week low of $12.12 and a 52-week high of $15.50. The stock’s 50-day simple moving average is $14.10 and its 200 day simple moving average is $13.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $843.88 million, a price-to-earnings ratio of 9.83 and a beta of 0.77.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.08. Farmers National Banc had a return on equity of 11.99% and a net margin of 19.55%.The firm had revenue of $56.26 million for the quarter, compared to analysts’ expectations of $55.30 million. Research analysts forecast that Farmers National Banc Corp. will post 1.62 EPS for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a $0.17 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.68 annualized dividend and a yield of 4.8%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Institutional Trading of Farmers National Banc

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Beese Fulmer Investment Management Inc. increased its holdings in Farmers National Banc by 11.8% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 374,090 shares of the bank’s stock valued at $4,983,000 after purchasing an additional 39,539 shares during the period. Smithfield Trust Co bought a new position in Farmers National Banc in the 4th quarter worth $30,000. HBK Sorce Advisory LLC lifted its position in shares of Farmers National Banc by 2.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock worth $569,000 after purchasing an additional 966 shares during the period. Comerica Bank boosted its stake in shares of Farmers National Banc by 12.8% during the 4th quarter. Comerica Bank now owns 18,206 shares of the bank’s stock valued at $243,000 after purchasing an additional 2,065 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Farmers National Banc by 27.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 37,835 shares of the bank’s stock valued at $504,000 after buying an additional 8,035 shares during the period. Institutional investors own 38.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FMNB shares. Zacks Research raised shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Weiss Ratings raised Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Piper Sandler raised their price target on Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Farmers National Banc presently has a consensus rating of “Hold” and a consensus price target of $16.00.

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.