Mark Wenick Sells 5,000 Shares of Farmers National Banc (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) EVP Mark Wenick sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $15.97, for a total value of $79,850.00. Following the transaction, the executive vice president directly owned 32,020 shares of the company’s stock, valued at $511,359.40. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Farmers National Banc Trading Down 0.8%

Shares of FMNB opened at $15.69 on Friday. Farmers National Banc Corp. has a 1-year low of $12.12 and a 1-year high of $16.16. The company has a market capitalization of $929.08 million, a P/E ratio of 10.67 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50 day simple moving average is $14.72 and its 200 day simple moving average is $13.91.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Farmers National Banc had a net margin of 20.52% and a return on equity of 13.14%. The business had revenue of $70.44 million during the quarter, compared to analysts’ expectations of $70.10 million. Sell-side analysts forecast that Farmers National Banc Corp. will post 1.68 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.68 annualized dividend and a yield of 4.3%. Farmers National Banc’s payout ratio is 46.26%.

Institutional Trading of Farmers National Banc

Large investors have recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new position in shares of Farmers National Banc in the 1st quarter worth about $1,426,000. Staley Capital Advisers Inc. boosted its stake in Farmers National Banc by 42.8% during the first quarter. Staley Capital Advisers Inc. now owns 250,251 shares of the bank’s stock worth $3,293,000 after acquiring an additional 75,000 shares in the last quarter. Demming Financial Services Corp ADV bought a new stake in Farmers National Banc during the first quarter worth about $796,000. Assenagon Asset Management S.A. purchased a new stake in Farmers National Banc in the first quarter worth about $2,954,000. Finally, Empowered Funds LLC increased its stake in shares of Farmers National Banc by 48.3% during the first quarter. Empowered Funds LLC now owns 213,093 shares of the bank’s stock valued at $2,804,000 after purchasing an additional 69,365 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Weiss Ratings upgraded Farmers National Banc from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded shares of Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Piper Sandler upped their price target on shares of Farmers National Banc from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Farmers National Banc presently has a consensus rating of “Hold” and an average target price of $16.00.

Farmers National Banc Company Profile

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.