Key Points
- Insider purchase: Director Gina Richardson bought 1,231 shares on March 5 at an average price of $12.91 (≈$15,892), increasing her stake to 15,305 shares — an 8.75% rise — per an SEC filing.
- Dividend and valuation: FMNB pays a $0.17 quarterly dividend (annualized $0.68, yield ~5.5%), trades around $12.44 with a market cap of ~$468M and a P/E of 8.58.
- Earnings, analyst view and institutional flows: The bank missed the quarter with $0.40 EPS vs. $0.47 expected and revenue slightly below estimates; analysts hold a consensus "Hold" with a $14.50 target, while several institutional investors have recently increased positions (institutional ownership ~38.7%).
Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) Director Gina Richardson acquired 1,231 shares of the company's stock in a transaction dated Thursday, March 5th. The shares were bought at an average cost of $12.91 per share, with a total value of $15,892.21. Following the completion of the acquisition, the director directly owned 15,305 shares in the company, valued at $197,587.55. The trade was a 8.75% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Farmers National Banc Price Performance
FMNB traded down $0.40 during trading on Friday, reaching $12.44. The stock had a trading volume of 264,332 shares, compared to its average volume of 429,737. The business has a 50-day moving average of $13.34 and a 200-day moving average of $13.80. Farmers National Banc Corp. has a one year low of $11.58 and a one year high of $15.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $468.37 million, a PE ratio of 8.58 and a beta of 0.85.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.07). The firm had revenue of $49.89 million during the quarter, compared to analysts' expectations of $50.70 million. Farmers National Banc had a return on equity of 13.34% and a net margin of 19.50%. As a group, equities research analysts anticipate that Farmers National Banc Corp. will post 1.45 EPS for the current fiscal year.
Farmers National Banc Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Friday, February 13th. Farmers National Banc's dividend payout ratio (DPR) is presently 46.90%.
Analyst Upgrades and Downgrades
Several research firms recently commented on FMNB. Zacks Research lowered shares of Farmers National Banc from a "hold" rating to a "strong sell" rating in a report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Farmers National Banc in a research note on Monday, December 29th. Piper Sandler decreased their price objective on Farmers National Banc from $16.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, January 29th. Finally, Wall Street Zen cut Farmers National Banc from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $14.50.
Read Our Latest Stock Report on FMNB
Institutional Trading of Farmers National Banc
Several large investors have recently modified their holdings of FMNB. Marshall Wace LLP purchased a new position in Farmers National Banc during the 4th quarter valued at about $2,707,000. Millennium Management LLC grew its position in shares of Farmers National Banc by 231.9% in the 4th quarter. Millennium Management LLC now owns 263,553 shares of the bank's stock worth $3,511,000 after buying an additional 184,155 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Farmers National Banc by 454.6% during the third quarter. First Trust Advisors LP now owns 137,655 shares of the bank's stock valued at $1,984,000 after buying an additional 112,834 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Farmers National Banc by 139.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 190,714 shares of the bank's stock valued at $2,540,000 after acquiring an additional 111,027 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Farmers National Banc by 109.2% in the fourth quarter. Empowered Funds LLC now owns 143,728 shares of the bank's stock worth $1,914,000 after acquiring an additional 75,009 shares during the period. 38.72% of the stock is owned by institutional investors.
About Farmers National Banc
(
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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