Farmers National Banc (NASDAQ:FMNB) EVP Sells $79,850.00 in Stock

Farmers National Banc Corp. (NASDAQ:FMNB) EVP Mark Wenick sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $15.97, for a total transaction of $79,850.00. Following the sale, the executive vice president directly owned 32,020 shares of the company’s stock, valued at approximately $511,359.40. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Farmers National Banc Price Performance

NASDAQ:FMNB traded down $0.05 during mid-day trading on Thursday, reaching $15.84. The stock had a trading volume of 50,744 shares, compared to its average volume of 415,510. The stock has a 50-day simple moving average of $14.66 and a two-hundred day simple moving average of $13.88. The stock has a market capitalization of $938.22 million, a PE ratio of 10.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. Farmers National Banc Corp. has a 12 month low of $12.12 and a 12 month high of $16.16.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 13.14%. The business had revenue of $70.44 million during the quarter, compared to the consensus estimate of $70.10 million. On average, equities analysts anticipate that Farmers National Banc Corp. will post 1.68 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.3%. Farmers National Banc’s payout ratio is 46.26%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen lowered Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings raised Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Piper Sandler boosted their target price on Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Farmers National Banc currently has an average rating of “Hold” and a consensus price target of $16.00.

Institutional Trading of Farmers National Banc

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Smithfield Trust Co bought a new position in shares of Farmers National Banc in the 4th quarter valued at $30,000. Godfrey Financial Associates Inc. bought a new stake in Farmers National Banc during the 4th quarter worth $37,000. Parallel Advisors LLC increased its holdings in Farmers National Banc by 86.1% in the 1st quarter. Parallel Advisors LLC now owns 2,784 shares of the bank’s stock worth $37,000 after purchasing an additional 1,288 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in 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 worth $46,000 after purchasing an additional 3,173 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Farmers National Banc by 49.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,519 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,487 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.

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.