Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Up 22.6% in March

Farmers National Banc Corp. (NASDAQ:FMNB) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 268,700 shares, an increase of 22.6% from the February 28th total of 219,200 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is presently 3.0 days.

Insider Transactions at Farmers National Banc

In other news, Director Ralph D. Macali sold 14,300 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $14.00, for a total value of $200,200.00. Following the completion of the sale, the director now directly owns 48,983 shares in the company, valued at approximately $685,762. This trade represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gina A. Richardson purchased 2,334 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $13.75 per share, with a total value of $32,092.50. Following the completion of the acquisition, the director now directly 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. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Farmers National Banc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in shares of Farmers National Banc by 2.8% during the 4th quarter. Inspire Investing LLC now owns 28,012 shares of the bank’s stock worth $398,000 after buying an additional 776 shares during the period. First Trust Advisors LP grew its holdings in Farmers National Banc by 3.5% during the fourth quarter. First Trust Advisors LP now owns 23,522 shares of the bank’s stock valued at $334,000 after purchasing an additional 789 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Farmers National Banc by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,716 shares of the bank’s stock valued at $295,000 after purchasing an additional 815 shares during the period. BNP Paribas Financial Markets raised its holdings in Farmers National Banc by 11.2% in the third quarter. BNP Paribas Financial Markets now owns 8,207 shares of the bank’s stock worth $124,000 after purchasing an additional 829 shares during the period. Finally, FMR LLC raised its holdings in Farmers National Banc by 67.7% in the third quarter. FMR LLC now owns 2,068 shares of the bank’s stock worth $31,000 after purchasing an additional 835 shares during the period. Institutional investors own 38.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FMNB. Piper Sandler dropped their target price on shares of Farmers National Banc from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. StockNews.com raised Farmers National Banc from a “sell” rating to a “hold” rating in a report on Thursday, December 19th.

Farmers National Banc Trading Down 5.8 %

NASDAQ:FMNB traded down $0.76 on Thursday, hitting $12.36. 37,977 shares of the stock were exchanged, compared to its average volume of 88,371. The stock has a market capitalization of $464.92 million, a price-to-earnings ratio of 10.13 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. Farmers National Banc has a 52 week low of $11.55 and a 52 week high of $16.32. The company’s 50-day moving average price is $13.74 and its 200 day moving average price is $14.35.

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

Farmers National Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.50%. Farmers National Banc’s dividend payout ratio (DPR) is presently 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.