Key Points
- Executive insider sale: EVP Mark Wenick sold 5,000 FMNB shares at an average price of $15.97, worth $79,850, reducing his direct ownership by 13.51% to 32,020 shares.
- Strong quarterly results: Farmers National Banc reported earnings of $0.41 per share, beating estimates of $0.34, while revenue reached $70.44 million. The company maintains a quarterly dividend of $0.17, equivalent to a 4.3% annualized yield.
- Mixed market outlook: Analysts have an average “Hold” rating and a $16 price target, while institutional investors own 38.72% of the company’s stock.
Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) EVP Mark Wenick sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $15.97, for a total value of $79,850.00. Following the completion of the transaction, the executive vice president directly owned 32,020 shares of the company's stock, valued at $511,359.40. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Farmers National Banc Price Performance
FMNB stock opened at $15.81 on Friday. The company has a market capitalization of $936.27 million, a P/E ratio of 10.76 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. Farmers National Banc Corp. has a 52-week low of $12.12 and a 52-week high of $16.16. The company has a fifty day moving average price of $14.69 and a 200-day moving average price of $13.90.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Farmers National Banc had a return on equity of 13.14% and a net margin of 20.52%.The firm had revenue of $70.44 million for the quarter, compared to the consensus estimate of $70.10 million. As a group, equities analysts expect that Farmers National Banc Corp. will post 1.68 EPS for the current year.
Farmers National Banc Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.17 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.68 annualized dividend and a yield of 4.3%. Farmers National Banc's payout ratio is presently 46.26%.
Analyst Upgrades and Downgrades
FMNB has been the topic of several research analyst reports. Piper Sandler upped their target price on Farmers National Banc from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded Farmers National Banc from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Farmers National Banc from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.00.
Get Our Latest Analysis on FMNB
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of FMNB. AQR Capital Management LLC grew its holdings in Farmers National Banc by 94.6% during the first quarter. AQR Capital Management LLC now owns 27,870 shares of the bank's stock worth $364,000 after buying an additional 13,548 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Farmers National Banc by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,652 shares of the bank's stock worth $283,000 after acquiring an additional 936 shares during the last quarter. Empowered Funds LLC boosted its holdings in Farmers National Banc by 50.3% during the 1st quarter. Empowered Funds LLC now owns 38,058 shares of the bank's stock worth $497,000 after acquiring an additional 12,735 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Farmers National Banc in the 1st quarter worth $830,000. Finally, Legal & General Group Plc grew its stake in shares of Farmers National Banc by 18.2% in the 2nd quarter. Legal & General Group Plc now owns 36,462 shares of the bank's stock worth $503,000 after acquiring an additional 5,612 shares in the last quarter. Hedge funds and other institutional investors own 38.72% of the company's stock.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
