Insider Buying: Farmers National Banc (NASDAQ:FMNB) Director Buys 1,231 Shares of Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina Richardson bought 1,231 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $12.91 per share, for a total transaction of $15,892.21. Following the completion of the acquisition, the director owned 15,305 shares of the company’s stock, valued at $197,587.55. This trade represents a 8.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Farmers National Banc Price Performance

NASDAQ FMNB traded down $0.25 on Thursday, reaching $12.82. The company’s stock had a trading volume of 283,426 shares, compared to its average volume of 427,520. Farmers National Banc Corp. has a twelve month low of $11.58 and a twelve month high of $15.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50 day moving average is $13.36 and its two-hundred day moving average is $13.81. The stock has a market cap of $482.71 million, a PE ratio of 8.84 and a beta of 0.85.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, January 28th. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). The business had revenue of $49.89 million during the quarter, compared to the consensus estimate of $50.70 million. Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%. As a group, sell-side analysts predict that Farmers National Banc Corp. will post 1.45 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.3%. Farmers National Banc’s payout ratio is 46.90%.

Institutional Investors Weigh In On Farmers National Banc

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Farmers National Banc by 4.9% during the second quarter. Geode Capital Management LLC now owns 917,657 shares of the bank’s stock valued at $12,657,000 after buying an additional 42,803 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Farmers National Banc by 193.4% during the second quarter. Los Angeles Capital Management LLC now owns 45,492 shares of the bank’s stock worth $627,000 after buying an additional 29,985 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Farmers National Banc during the second quarter valued at about $345,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Farmers National Banc in the 2nd quarter valued at approximately $354,000. Finally, Corton Capital Inc. bought a new stake in shares of Farmers National Banc in the 2nd quarter worth approximately $201,000. Institutional investors own 38.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FMNB. Wall Street Zen lowered Farmers National Banc from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Piper Sandler reduced their price objective on Farmers National Banc from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Zacks Research lowered Farmers National Banc from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Farmers National Banc in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and a consensus target price of $14.50.

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.