Farmers National Banc (NASDAQ:FMNB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Farmers National Banc Corp. (NASDAQ:FMNB) saw unusually-high trading volume on Tuesday . Approximately 65,593 shares were traded during trading, a decline of 14% from the previous session’s volume of 75,945 shares.The stock last traded at $14.04 and had previously closed at $14.51.

Wall Street Analyst Weigh In

FMNB has been the topic of a number of analyst reports. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler cut their target price on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Farmers National Banc Stock Down 3.7 %

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $13.91 and its 200-day moving average price is $14.61. The company has a market cap of $525.41 million, a price-to-earnings ratio of 11.56 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last posted its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. Sell-side analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Friday, March 14th. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.74%.

Insider Transactions at Farmers National Banc

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the transaction, the director now owns 48,983 shares of the company’s stock, valued at $685,762. This represents a 22.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is owned by insiders.

Institutional Trading of Farmers National Banc

Hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC grew its position in Farmers National Banc by 86.2% in the fourth quarter. Voya Investment Management LLC now owns 265,792 shares of the bank’s stock valued at $3,780,000 after purchasing an additional 123,030 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Farmers National Banc by 454.0% in the 4th quarter. LPL Financial LLC now owns 146,615 shares of the bank’s stock valued at $2,085,000 after acquiring an additional 120,150 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Farmers National Banc by 59.2% in the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock valued at $4,486,000 after acquiring an additional 117,384 shares during the last quarter. Vanguard Group Inc. raised its holdings in Farmers National Banc by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank’s stock worth $28,991,000 after acquiring an additional 88,392 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Farmers National Banc by 100.5% during the fourth quarter. JPMorgan Chase & Co. now owns 152,629 shares of the bank’s stock valued at $2,170,000 after purchasing an additional 76,496 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors and hedge funds.

About Farmers National Banc

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.