Farmers National Banc Corp. (NASDAQ:FMNB) Director Ralph D. Macali Sells 14,300 Shares of Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the sale, the director now owns 48,983 shares in the company, valued at approximately $685,762. This represents a 22.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Farmers National Banc Stock Performance

NASDAQ:FMNB opened at $13.73 on Tuesday. The company has a fifty day moving average of $14.39 and a two-hundred day moving average of $14.66. Farmers National Banc Corp. has a fifty-two week low of $11.55 and a fifty-two week high of $16.32. The stock has a market capitalization of $516.11 million, a PE ratio of 11.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a net margin of 17.05% and a return on equity of 11.71%. As a group, research analysts forecast that Farmers National Banc Corp. will post 1.44 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend was Friday, December 13th. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC boosted its stake in Farmers National Banc by 2.8% during the 4th quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock worth $398,000 after purchasing an additional 776 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Farmers National Banc by 11.2% during the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after acquiring an additional 829 shares during the last quarter. FMR LLC grew its stake in Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock valued at $165,000 after acquiring an additional 997 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Farmers National Banc by 11.2% in the 4th quarter. SG Americas Securities LLC now owns 15,773 shares of the bank’s stock worth $224,000 after purchasing an additional 1,590 shares in the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

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.