Farmers National Banc Corp. (NASDAQ:FMNB) EVP Timothy F. Shaffer Sells 1,799 Shares

Farmers National Banc Corp. (NASDAQ:FMNB) EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $529,230. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Farmers National Banc Trading Down 0.6 %

NASDAQ FMNB opened at $14.91 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $559.87 million, a P/E ratio of 10.28 and a beta of 0.84. Farmers National Banc Corp. has a 52-week low of $10.38 and a 52-week high of $16.32. The firm has a 50-day moving average price of $14.28 and a 200 day moving average price of $13.16.

Farmers National Banc (NASDAQ:FMNB) last issued its earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The business had revenue of $66.45 million during the quarter, compared to the consensus estimate of $42.15 million. Equities research analysts expect that Farmers National Banc Corp. will post 1.37 EPS for the current year.

Farmers National Banc Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.56%. Farmers National Banc’s payout ratio is currently 46.90%.

Hedge Funds Weigh In On Farmers National Banc

A number of large investors have recently made changes to their positions in the stock. PEAK6 Investments LLC acquired a new position in Farmers National Banc during the first quarter worth about $248,000. Busey Bank purchased a new position in Farmers National Banc in the 2nd quarter valued at approximately $224,000. Bank of New York Mellon Corp boosted its position in Farmers National Banc by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank’s stock worth $2,834,000 after purchasing an additional 12,160 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Farmers National Banc in the first quarter valued at $140,000. Finally, American Century Companies Inc. raised its stake in shares of Farmers National Banc by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock worth $3,757,000 after buying an additional 8,525 shares during the last quarter. Hedge funds and other institutional investors own 38.72% of the company’s stock.

Analyst Ratings Changes

FMNB has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Raymond James increased their price objective on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.67.

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.