Short Interest in Farmers National Banc Corp. (NASDAQ:FMNB) Decreases By 18.8%

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 219,200 shares, a drop of 18.8% from the February 13th total of 270,100 shares. Based on an average daily trading volume, of 86,300 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.6% of the company’s stock are short sold.

Insider Activity

In related news, Director Ralph D. Macali sold 14,300 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $14.00, for a total transaction of $200,200.00. Following the completion of the sale, the director now owns 48,983 shares in the company, valued at $685,762. The trade was a 22.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gina A. Richardson bought 2,334 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $13.75 per share, with a total value of $32,092.50. Following the purchase, the director now owns 9,896 shares of the company’s stock, valued at $136,070. The trade was a 30.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Farmers National Banc

Several institutional investors and hedge funds have recently made changes to their positions in FMNB. Voya Investment Management LLC lifted its position in shares of Farmers National Banc by 86.2% in the fourth quarter. Voya Investment Management LLC now owns 265,792 shares of the bank’s stock valued at $3,780,000 after acquiring an additional 123,030 shares in the last quarter. LPL Financial LLC lifted its position in shares of Farmers National Banc by 454.0% in the fourth quarter. LPL Financial LLC now owns 146,615 shares of the bank’s stock valued at $2,085,000 after acquiring an additional 120,150 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Farmers National Banc by 59.2% in the fourth quarter. Bank of New York Mellon Corp now owns 315,501 shares of the bank’s stock valued at $4,486,000 after purchasing an additional 117,384 shares during the last quarter. Vanguard Group Inc. increased its stake in Farmers National Banc by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 2,038,771 shares of the bank’s stock valued at $28,991,000 after purchasing an additional 88,392 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Farmers National Banc by 100.5% in the fourth quarter. JPMorgan Chase & Co. now owns 152,629 shares of the bank’s stock valued at $2,170,000 after purchasing an additional 76,496 shares during the last quarter. 38.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th. Piper Sandler cut their price target on Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd.

Farmers National Banc Trading Up 1.4 %

FMNB opened at $13.32 on Thursday. The firm has a market cap of $501.03 million, a price-to-earnings ratio of 10.92 and a beta of 0.86. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The business’s 50 day moving average is $13.77 and its two-hundred day moving average is $14.49. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.20.

Farmers National Banc (NASDAQ:FMNB) last released its earnings results on Wednesday, January 29th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Farmers National Banc had a return on equity of 11.71% and a net margin of 17.05%. On average, research analysts predict that Farmers National Banc will post 1.45 EPS for the current year.

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 5.11%. Farmers National Banc’s payout ratio is 55.74%.

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.