Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Declines By 8.2%

Farmers National Banc Corp. (NASDAQ:FMNB) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 255,300 shares, a drop of 8.2% from the October 31st total of 278,000 shares. Based on an average daily trading volume, of 85,300 shares, the short-interest ratio is presently 3.0 days.

Insiders Place Their Bets

In other news, EVP Timothy F. Shaffer sold 1,799 shares of Farmers National Banc stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the transaction, the executive vice president now directly owns 35,282 shares of the company’s stock, valued at $529,230. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Farmers National Banc

Institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after acquiring an additional 835 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Farmers National Banc by 11.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after acquiring an additional 829 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc during the first quarter worth approximately $140,000. Virtus Investment Advisers Inc. bought a new stake in shares of Farmers National Banc during the third quarter worth approximately $148,000. Finally, PEAK6 Investments LLC bought a new position in shares of Farmers National Banc during the third quarter worth approximately $157,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on FMNB shares. Piper Sandler reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Farmers National Banc in a research report on Thursday, November 21st. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Farmers National Banc has an average rating of “Hold” and a consensus price target of $16.67.

Farmers National Banc Stock Down 1.8 %

Farmers National Banc stock opened at $15.55 on Wednesday. The company has a fifty day simple moving average of $14.88 and a 200 day simple moving average of $14.11. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc has a 1-year low of $11.55 and a 1-year high of $16.32. The company has a market cap of $584.49 million, a P/E ratio of 12.64 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. The company had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. Research analysts anticipate that Farmers National Banc will post 1.23 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.17 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 4.37%. Farmers National Banc’s dividend payout ratio (DPR) is currently 55.28%.

Farmers National Banc Company Profile

Farmers National Banc Corp. operates as a bank holding company for The Farmers National Bank of Canfield engages in the banking, trust, retirement consulting, insurance, and financial management businesses. It offers commercial and retail banking services, including checking, savings, and time deposit accounts; commercial, mortgage and installment, and home equity loans; home equity lines of credit, night depository, safe deposit box, money order, bank check, automated teller machine, Internet banking, travel card, E bond transaction, brokerage, and other services.