Farmers National Banc Corp (NASDAQ:FMNB) Director Lance J. Ciroli acquired 2,000 shares of Farmers National Banc stock in a transaction on Tuesday, March 24th. The stock was purchased at an average price of $11.09 per share, with a total value of $22,180.00. Following the purchase, the director now owns 48,372 shares of the company’s stock, valued at approximately $536,445.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FMNB stock traded up $0.49 on Thursday, reaching $11.77. 5,462 shares of the company’s stock were exchanged, compared to its average volume of 154,677. The stock has a fifty day moving average of $14.57 and a 200-day moving average of $15.11. Farmers National Banc Corp has a twelve month low of $10.32 and a twelve month high of $16.50. The firm has a market cap of $320.27 million, a PE ratio of 9.30 and a beta of 0.84. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings data on Wednesday, January 29th. The bank reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. Farmers National Banc had a return on equity of 12.49% and a net margin of 27.38%. The firm had revenue of $28.81 million for the quarter, compared to analyst estimates of $28.25 million. On average, equities research analysts predict that Farmers National Banc Corp will post 1.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, March 12th. This is a positive change from Farmers National Banc’s previous quarterly dividend of $0.10. Farmers National Banc’s dividend payout ratio is currently 34.11%.

Several equities research analysts have recently commented on the company. BidaskClub cut Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Friday, March 13th. Zacks Investment Research lowered Farmers National Banc from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, ValuEngine raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Farmers National Banc currently has an average rating of “Hold” and an average price target of $16.50.

Institutional investors have recently bought and sold shares of the business. AJO LP acquired a new stake in Farmers National Banc in the fourth quarter valued at $30,000. New York State Teachers Retirement System acquired a new stake in Farmers National Banc in the fourth quarter valued at $38,000. Bank of Montreal Can grew its holdings in Farmers National Banc by 32.2% in the fourth quarter. Bank of Montreal Can now owns 4,139 shares of the bank’s stock valued at $67,000 after purchasing an additional 1,007 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Farmers National Banc by 4,800.0% during the third quarter. Russell Investments Group Ltd. now owns 4,900 shares of the bank’s stock valued at $71,000 after acquiring an additional 4,800 shares during the last quarter. Finally, Denali Advisors LLC boosted its stake in shares of Farmers National Banc by 5,786.2% during the fourth quarter. Denali Advisors LLC now owns 9,359 shares of the bank’s stock valued at $153,000 after acquiring an additional 9,200 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors.

About Farmers National Banc

Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.

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