Farmers National Banc (NASDAQ:FMNB) Shares Gap Down – Time to Sell?

Farmers National Banc Corp. (NASDAQ:FMNB)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.31, but opened at $13.92. Farmers National Banc shares last traded at $14.29, with a volume of 9,630 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FMNB. Piper Sandler reduced their price objective on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. 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 Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50-day moving average price is $14.09 and its 200-day moving average price is $14.60. The company has a market capitalization of $539.42 million, a price-to-earnings ratio of 11.76 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results 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 net margin of 17.05% and a return on equity of 11.71%. As a group, equities research analysts expect that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.74%. Farmers National Banc’s dividend payout ratio is presently 55.74%.

Insider Activity at Farmers National Banc

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $14.00, for a total value of $200,200.00. Following the transaction, the director now owns 48,983 shares in the company, valued at $685,762. The trade was a 22.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC increased its position in shares of Farmers National Banc by 2.8% in the 4th quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock worth $398,000 after purchasing an additional 776 shares during the last quarter. First Trust Advisors LP increased its position in shares of Farmers National Banc by 3.5% in the 4th quarter. First Trust Advisors LP now owns 23,522 shares of the bank’s stock worth $334,000 after purchasing an additional 789 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock valued at $124,000 after buying an additional 829 shares during the last quarter. FMR LLC grew its position in shares of Farmers National Banc by 67.7% during the 3rd quarter. FMR LLC now owns 2,068 shares of the bank’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of Farmers National Banc by 41.2% during the 4th quarter. Huntington National Bank now owns 3,426 shares of the bank’s stock valued at $49,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 38.72% of the company’s stock.

About Farmers National Banc

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.