Ralph D. Macali Sells 14,300 Shares of Farmers National Banc Corp. (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Ralph D. Macali sold 14,300 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the transaction, the director now owns 48,983 shares in the company, valued at approximately $685,762. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Farmers National Banc Stock Performance

Shares of FMNB stock opened at $13.98 on Wednesday. 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 cap of $525.51 million, a PE ratio of 11.46 and a beta of 0.86. The stock has a 50-day moving average of $14.35 and a 200-day moving average of $14.65. Farmers National Banc Corp. has a one year low of $11.55 and a one year high of $16.32.

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 analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. As a group, sell-side analysts expect that Farmers National Banc Corp. will post 1.44 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.86%. Farmers National Banc’s dividend payout ratio (DPR) is presently 55.74%.

Institutional Trading of Farmers National Banc

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in Farmers National Banc by 59.2% during the 4th quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock worth $4,486,000 after purchasing an additional 117,384 shares in the last quarter. Everhart Financial Group Inc. bought a new stake in Farmers National Banc during the 4th quarter worth approximately $164,000. Rhumbline Advisers increased its stake in Farmers National Banc by 3.7% during the 4th quarter. Rhumbline Advisers now owns 56,491 shares of the bank’s stock worth $803,000 after purchasing an additional 2,025 shares in the last quarter. Empowered Funds LLC increased its stake in Farmers National Banc by 137.3% during the 4th quarter. Empowered Funds LLC now owns 25,323 shares of the bank’s stock worth $360,000 after purchasing an additional 14,651 shares in the last quarter. Finally, Asset Dedication LLC increased its stake in Farmers National Banc by 1,998.9% during the 4th quarter. Asset Dedication LLC now owns 9,424 shares of the bank’s stock worth $134,000 after purchasing an additional 8,975 shares in the last quarter. 38.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FMNB shares. Piper Sandler cut their target price 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. StockNews.com upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th.

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.