Gina Richardson Purchases 1,231 Shares of Farmers National Banc (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina Richardson bought 1,231 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was bought at an average price of $12.91 per share, for a total transaction of $15,892.21. Following the completion of the purchase, the director owned 15,305 shares of the company’s stock, valued at approximately $197,587.55. The trade was a 8.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Farmers National Banc Trading Down 2.4%

Shares of FMNB stock opened at $12.53 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.19. The firm has a market cap of $471.75 million, a P/E ratio of 8.64 and a beta of 0.85. The company has a 50 day moving average of $13.32 and a 200-day moving average of $13.79. Farmers National Banc Corp. has a 12-month low of $11.58 and a 12-month high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.07). Farmers National Banc had a net margin of 19.50% and a return on equity of 13.34%. The firm had revenue of $49.89 million during the quarter, compared to analysts’ expectations of $50.70 million. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 annualized dividend and a yield of 5.4%. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FMNB shares. Wall Street Zen raised shares of Farmers National Banc from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Farmers National Banc in a research note on Monday, December 29th. Piper Sandler dropped their price target on shares of Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Finally, Zacks Research downgraded shares of Farmers National Banc from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and an average target price of $14.50.

Hedge Funds Weigh In On Farmers National Banc

A number of large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Farmers National Banc by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank’s stock valued at $283,000 after acquiring an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Farmers National Banc by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank’s stock worth $368,000 after purchasing an additional 940 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in Farmers National Banc by 2.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank’s stock valued at $569,000 after purchasing an additional 966 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Farmers National Banc by 12.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank’s stock valued at $131,000 after purchasing an additional 1,083 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Farmers National Banc by 6.2% during the 2nd quarter. First Trust Advisors LP now owns 24,821 shares of the bank’s stock valued at $342,000 after purchasing an additional 1,458 shares in the last quarter. 38.72% of the stock is currently owned by institutional investors.

About Farmers National Banc

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company’s primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.