Farmers National Banc Corp (NASDAQ:FMNB) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 176,000 shares, a decrease of 13.4% from the September 30th total of 203,300 shares. Based on an average daily volume of 35,300 shares, the short-interest ratio is presently 5.0 days. Currently, 0.7% of the company’s stock are short sold.
FMNB traded down $0.13 during trading hours on Friday, reaching $15.22. The company’s stock had a trading volume of 27,200 shares, compared to its average volume of 33,771. The company’s 50-day moving average is $14.77 and its 200-day moving average is $14.38. The firm has a market cap of $427.76 million, a PE ratio of 13.23 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.87 and a current ratio of 0.90. Farmers National Banc has a 52 week low of $11.56 and a 52 week high of $15.63.
Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $28.20 million for the quarter, compared to analyst estimates of $28.29 million. Farmers National Banc had a return on equity of 12.46% and a net margin of 27.11%. Equities analysts anticipate that Farmers National Banc will post 1.25 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Beese Fulmer Investment Management Inc. bought a new position in Farmers National Banc in the third quarter valued at about $8,650,000. BlackRock Inc. raised its position in Farmers National Banc by 6.8% in the second quarter. BlackRock Inc. now owns 1,498,170 shares of the bank’s stock valued at $22,218,000 after purchasing an additional 95,138 shares during the last quarter. Cetera Investment Advisers raised its position in Farmers National Banc by 298.7% in the second quarter. Cetera Investment Advisers now owns 106,402 shares of the bank’s stock valued at $1,580,000 after purchasing an additional 79,715 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Farmers National Banc by 141.3% in the second quarter. HBK Sorce Advisory LLC now owns 82,641 shares of the bank’s stock valued at $727,000 after purchasing an additional 48,395 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in Farmers National Banc in the second quarter valued at about $550,000. 40.04% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on FMNB. ValuEngine cut Farmers National Banc from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. BidaskClub upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Boenning Scattergood restated a “buy” rating and issued a $15.50 price target on shares of Farmers National Banc in a research note on Wednesday, July 31st. Finally, Zacks Investment Research cut Farmers National Banc from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Farmers National Banc has a consensus rating of “Hold” and an average target price of $15.50.
About Farmers National Banc
Farmers National Banc Corp., through its subsidiaries, operates in the banking, trust, retirement consulting, insurance, and financial management industries. The company 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, MasterCard and Visa credit cards, brokerage, and other services.
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