Farmers National Banc Corp. (NASDAQ:FMNB) Sees Large Decrease in Short Interest

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 278,000 shares, a decrease of 5.7% from the October 15th total of 294,900 shares. Based on an average daily volume of 82,600 shares, the days-to-cover ratio is currently 3.4 days.

Insider Activity at Farmers National Banc

In related news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at $529,230. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Farmers National Banc

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Farmers National Banc by 67.7% during the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares in the last quarter. EntryPoint Capital LLC bought a new position in Farmers National Banc in the 1st quarter worth approximately $73,000. BNP Paribas Financial Markets lifted its holdings in Farmers National Banc by 11.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after buying an additional 829 shares in the last quarter. Virtus Investment Advisers Inc. bought a new position in Farmers National Banc in the 3rd quarter valued at $148,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Farmers National Banc in the 3rd quarter valued at $157,000. Institutional investors and hedge funds own 38.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Raymond James upped their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.67.

Farmers National Banc Stock Performance

NASDAQ:FMNB opened at $15.17 on Tuesday. The stock has a market capitalization of $570.21 million, a P/E ratio of 12.33 and a beta of 0.83. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. Farmers National Banc has a 1 year low of $11.55 and a 1 year high of $16.32. The firm has a 50 day moving average of $14.80 and a 200-day moving average of $13.87.

Farmers National Banc (NASDAQ:FMNB) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The business had revenue of $70.26 million during the quarter, compared to the consensus estimate of $42.90 million. Farmers National Banc had a net margin of 17.26% and a return on equity of 11.92%. As a group, sell-side analysts anticipate that Farmers National Banc will post 1.24 EPS for the current fiscal year.

Farmers National Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 4.48%. Farmers National Banc’s dividend payout ratio (DPR) is 55.28%.

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.