Farmers National Banc (NASDAQ:FMNB) Shares Gap Up – Should You Buy?

Farmers National Banc Corp. (NASDAQ:FMNB) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.32, but opened at $13.60. Farmers National Banc shares last traded at $13.46, with a volume of 7,725 shares traded.

Analysts Set New Price Targets

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

Farmers National Banc Price Performance

The stock’s 50 day moving average is $13.77 and its two-hundred day moving average is $14.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $506.30 million, a PE ratio of 11.03 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.05%. Farmers National Banc’s dividend payout ratio is currently 55.74%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now directly owns 48,983 shares in the company, valued at $685,762. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gina A. Richardson purchased 2,334 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $13.75 per share, for a total transaction of $32,092.50. Following the completion of the purchase, the director now directly owns 9,896 shares of the company’s stock, valued at $136,070. The trade was a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Farmers National Banc

Several large investors have recently modified their holdings of FMNB. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Farmers National Banc by 93.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock valued at $1,260,000 after acquiring an additional 40,367 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Farmers National Banc by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock valued at $1,560,000 after acquiring an additional 2,241 shares during the period. FMR LLC boosted its holdings in shares of Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after acquiring an additional 835 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Farmers National Banc by 11.2% in the third 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. Finally, PEAK6 Investments LLC acquired a new stake in shares of Farmers National Banc in the third quarter valued at approximately $157,000. 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.