Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Down 8.2% in November

Farmers National Banc Corp. (NASDAQ:FMNB) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 255,300 shares, a decline 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 currently 3.0 days.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Farmers National Banc by 11.2% in the 3rd 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. Price T Rowe Associates Inc. MD bought a new position in Farmers National Banc in the 1st quarter valued at about $140,000. Virtus Investment Advisers Inc. acquired a new position in Farmers National Banc during the 3rd quarter valued at about $148,000. Finally, PEAK6 Investments LLC purchased a new stake in shares of Farmers National Banc in the third quarter worth approximately $157,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Analyst Ratings Changes

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

Farmers National Banc Stock Performance

Shares of FMNB opened at $15.55 on Wednesday. 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 simple moving average is $14.88 and its two-hundred day simple moving average is $14.11. Farmers National Banc has a 12 month low of $11.55 and a 12 month high of $16.32. The stock has a market capitalization of $584.49 million, a P/E ratio of 12.64 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last issued its 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 return on equity of 11.92% and a net margin of 17.26%. The business had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. As a group, analysts predict that Farmers National Banc will post 1.23 EPS for the current year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a yield of 4.37%. Farmers National Banc’s dividend payout ratio (DPR) is presently 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.