Farmers National Banc (NASDAQ:FMNB) Director Michael Voinovich Sells 23,309 Shares of Stock

Farmers National Banc Corp. (NASDAQ:FMNB) Director Michael Voinovich sold 23,309 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $14.21, for a total value of $331,220.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Farmers National Banc Price Performance

Shares of FMNB opened at $14.25 on Tuesday. The business has a 50-day moving average of $14.10 and a 200-day moving average of $13.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $843.88 million, a price-to-earnings ratio of 9.83 and a beta of 0.77. Farmers National Banc Corp. has a 1 year low of $12.12 and a 1 year high of $15.50.

Farmers National Banc (NASDAQ:FMNB) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.08. Farmers National Banc had a net margin of 19.55% and a return on equity of 11.99%. The company had revenue of $56.26 million during the quarter, compared to analysts’ expectations of $55.30 million. As a group, equities research analysts anticipate that Farmers National Banc Corp. will post 1.62 earnings per share for the current year.

Farmers National Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, June 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.8%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Hedge Funds Weigh In On Farmers National Banc

A number of hedge funds and other institutional investors have recently modified their holdings of FMNB. Vanguard Group Inc. increased its position in shares of Farmers National Banc by 2.5% during the third quarter. Vanguard Group Inc. now owns 2,127,360 shares of the bank’s stock valued at $30,655,000 after acquiring an additional 52,854 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Farmers National Banc by 24.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,539,834 shares of the bank’s stock worth $20,264,000 after purchasing an additional 302,397 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Farmers National Banc by 17.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 470,132 shares of the bank’s stock valued at $6,187,000 after purchasing an additional 68,445 shares during the period. Beese Fulmer Investment Management Inc. grew its stake in Farmers National Banc by 11.8% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 374,090 shares of the bank’s stock valued at $4,983,000 after purchasing an additional 39,539 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Farmers National Banc by 21.9% during the 1st quarter. Bank of New York Mellon Corp now owns 337,929 shares of the bank’s stock valued at $4,447,000 after purchasing an additional 60,820 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Farmers National Banc from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of Farmers National Banc from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Weiss Ratings upgraded shares of Farmers National Banc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Finally, Piper Sandler upped their target price on shares of Farmers National Banc from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.00.

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.