Farmers National Banc (NASDAQ:FMNB) Sees Unusually-High Trading Volume

Farmers National Banc Corp. (NASDAQ:FMNB) saw unusually-high trading volume on Friday . Approximately 73,727 shares traded hands during trading, a decline of 22% from the previous session’s volume of 94,455 shares.The stock last traded at $15.63 and had previously closed at $15.77.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FMNB shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $15.00 price objective (up from $14.00) on shares of Farmers National Banc in a research note on Thursday, July 25th. Raymond James raised their price target on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.67.

Farmers National Banc Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50-day moving average of $14.78 and a 200-day moving average of $13.26. The stock has a market capitalization of $589.54 million, a price-to-earnings ratio of 10.73 and a beta of 0.82.

Farmers National Banc (NASDAQ:FMNB) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. Farmers National Banc had a return on equity of 14.55% and a net margin of 19.50%. The company had revenue of $66.45 million during the quarter, compared to analysts’ expectations of $42.15 million. As a group, equities research analysts expect that Farmers National Banc Corp. will post 1.37 earnings per share for the current fiscal year.

Farmers National Banc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.33%. The ex-dividend date is Friday, September 13th. Farmers National Banc’s payout ratio is 46.90%.

Insider Transactions at Farmers National Banc

In related news, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $15.88, for a total transaction of $31,760.00. Following the transaction, the executive vice president now owns 27,116 shares of the company’s stock, valued at $430,602.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Mark J. Wenick sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total value of $31,760.00. Following the completion of the transaction, the executive vice president now directly owns 27,116 shares in the company, valued at $430,602.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.00, for a total value of $26,985.00. Following the transaction, the executive vice president now owns 35,282 shares in the company, valued at $529,230. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Farmers National Banc

A number of large investors have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new stake in shares of Farmers National Banc during the 1st quarter worth $73,000. True Wealth Design LLC acquired a new stake in Farmers National Banc during the fourth quarter worth about $89,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Farmers National Banc in the 1st quarter worth about $140,000. Cubist Systematic Strategies LLC raised its holdings in shares of Farmers National Banc by 8.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,245 shares of the bank’s stock worth $165,000 after purchasing an additional 997 shares during the period. Finally, Busey Bank acquired a new position in shares of Farmers National Banc in the 2nd quarter valued at about $224,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

About Farmers National Banc

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.