Insider Buying: Farmers National Banc (NASDAQ:FMNB) Director Buys 40,000 Shares of Stock

Key Points

  • Director Edward Muransky bought 40,000 shares at $12.74 on March 3 for about $509,600, increasing his stake to 196,020 shares (a 25.64% rise).
  • Farmers National Banc pays a quarterly dividend of $0.17 (a 5.3% yield, DPR 46.9%), but the company recently missed quarterly EPS estimates ($0.40 vs. $0.47) and posted slightly below‑forecast revenue.
  • Analysts have an average target of $14.50 with several downgrades (Piper Sandler cut its target to $14), while the stock trades near $12.83 within a 52‑week range of $11.58–$15.50.

Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) Director Edward Muransky acquired 40,000 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $12.74 per share, for a total transaction of $509,600.00. Following the purchase, the director owned 196,020 shares of the company's stock, valued at $2,497,294.80. This trade represents a 25.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Farmers National Banc Stock Performance

FMNB stock traded down $0.24 during midday trading on Thursday, reaching $12.83. The company had a trading volume of 45,249 shares, compared to its average volume of 422,024. The firm has a market capitalization of $483.09 million, a PE ratio of 8.85 and a beta of 0.85. The stock has a 50 day moving average price of $13.36 and a 200 day moving average price of $13.81. Farmers National Banc Corp. has a fifty-two week low of $11.58 and a fifty-two week high of $15.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.19.




Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The bank reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.07). The company had revenue of $49.89 million for the quarter, compared to analyst estimates of $50.70 million. Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%. Analysts anticipate that Farmers National Banc Corp. will post 1.45 earnings per share for the current year.

Farmers National Banc Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Friday, February 13th. Farmers National Banc's dividend payout ratio (DPR) is presently 46.90%.

Institutional Trading of Farmers National Banc

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Farmers National Banc by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock valued at $283,000 after acquiring an additional 936 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Farmers National Banc by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,607 shares of the bank's stock worth $368,000 after purchasing an additional 940 shares during the period. HBK Sorce Advisory LLC boosted its stake in Farmers National Banc by 2.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 42,083 shares of the bank's stock valued at $569,000 after purchasing an additional 966 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Farmers National Banc by 12.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,814 shares of the bank's stock valued at $131,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Hunter Associates Investment Management LLC increased its position in shares of Farmers National Banc by 9.7% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 14,155 shares of the bank's stock valued at $197,000 after purchasing an additional 1,247 shares during the period. 38.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Farmers National Banc from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, January 29th. Weiss Ratings restated a "hold (c+)" rating on shares of Farmers National Banc in a research report on Monday, December 29th. Wall Street Zen cut Farmers National Banc from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Finally, Zacks Research downgraded Farmers National Banc from a "hold" rating to a "strong sell" rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Farmers National Banc has an average rating of "Hold" and a consensus target price of $14.50.

Read Our Latest Research Report on FMNB

Farmers National Banc Company Profile

(Get Free Report)

Farmers National Banc Corp. operates as the bank holding company for Farmers National Bank, a community-oriented financial institution headquartered in Ada, Ohio. The company provides a comprehensive suite of banking services through a network of branches serving rural and small-town markets across central Ohio. Its local decision-making model emphasizes personalized customer service and close ties to the communities it serves.

The company's primary business activities include the origination of commercial loans, consumer installment loans, agricultural financing, and residential mortgages.

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