Farmers National Banc (NASDAQ:FMNB) Sees Unusually-High Trading Volume – Here’s What Happened

Farmers National Banc Corp. (NASDAQ:FMNB) shares saw unusually-strong trading volume on Tuesday . Approximately 65,593 shares were traded during trading, a decline of 14% from the previous session’s volume of 75,945 shares.The stock last traded at $14.04 and had previously closed at $14.51.

Analyst Ratings Changes

A number of brokerages have commented on FMNB. Piper Sandler cut their price target 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 upgraded shares of Farmers National Banc from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Farmers National Banc Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day moving average of $13.91 and a two-hundred day moving average of $14.61. The firm has a market capitalization of $525.41 million, a price-to-earnings ratio of 11.56 and a beta of 0.86.

Farmers National Banc (NASDAQ:FMNB) last announced 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 net margin of 17.05% and a return on equity of 11.71%. As a group, equities research analysts predict that Farmers National Banc Corp. will post 1.45 earnings per share for the current fiscal year.

Farmers National Banc Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.17 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.86%. Farmers National Banc’s payout ratio is 55.74%.

Insider Buying and Selling

In other Farmers National Banc news, Director Ralph D. Macali sold 14,300 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $14.00, for a total transaction of $200,200.00. Following the sale, the director now directly owns 48,983 shares in the company, valued at $685,762. This represents a 22.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Farmers National Banc

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMNB. Creative Planning raised its stake in Farmers National Banc by 46.0% during the third quarter. Creative Planning now owns 36,306 shares of the bank’s stock worth $549,000 after acquiring an additional 11,447 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Farmers National Banc during the 3rd quarter worth approximately $311,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Farmers National Banc by 93.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,361 shares of the bank’s stock worth $1,260,000 after purchasing an additional 40,367 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Farmers National Banc by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,160 shares of the bank’s stock valued at $1,560,000 after purchasing an additional 2,241 shares during the last quarter. Finally, FMR LLC grew its stake 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 buying an additional 835 shares during the last quarter. 38.72% of the stock is currently owned by institutional investors.

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.