Gina A. Richardson Buys 2,334 Shares of Farmers National Banc Corp. (NASDAQ:FMNB) Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Gina A. Richardson bought 2,334 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $13.75 per share, for a total transaction of $32,092.50. Following the acquisition, the director now owns 9,896 shares of the company’s stock, valued at $136,070. This trade represents a 30.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Farmers National Banc Stock Down 1.9 %

NASDAQ FMNB opened at $13.67 on Thursday. The stock’s 50-day moving average price is $13.89 and its 200-day moving average price is $14.60. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20. Farmers National Banc Corp. has a 52 week low of $11.55 and a 52 week high of $16.32. The company has a market capitalization of $513.83 million, a P/E ratio of 11.20 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, January 29th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, equities research analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 4.97%. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Wall Street Analysts Forecast Growth

FMNB has been the topic of a number of recent research reports. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Piper Sandler decreased their price objective on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Farmers National Banc by 5.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,029 shares of the bank’s stock worth $910,000 after acquiring an additional 3,048 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Farmers National Banc in the 4th quarter worth approximately $618,000. Two Sigma Investments LP increased its stake in Farmers National Banc by 5.7% in the 4th quarter. Two Sigma Investments LP now owns 69,248 shares of the bank’s stock worth $985,000 after acquiring an additional 3,753 shares during the last quarter. Two Sigma Advisers LP increased its stake in Farmers National Banc by 16.5% in the 4th quarter. Two Sigma Advisers LP now owns 86,700 shares of the bank’s stock worth $1,233,000 after acquiring an additional 12,300 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Farmers National Banc during the 4th quarter valued at approximately $146,000. 38.72% of the stock is owned by hedge funds and other institutional investors.

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.