Farmers National Banc Corp. (NASDAQ:FMNB) Short Interest Up 9.6% in September

Farmers National Banc Corp. (NASDAQ:FMNB) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 313,400 shares, an increase of 9.6% from the August 31st total of 286,000 shares. Based on an average daily volume of 94,600 shares, the days-to-cover ratio is currently 3.3 days.

Farmers National Banc Price Performance

Shares of NASDAQ FMNB traded down $0.45 during midday trading on Tuesday, hitting $14.67. The company had a trading volume of 115,065 shares, compared to its average volume of 95,929. The firm has a market capitalization of $550.86 million, a price-to-earnings ratio of 10.43 and a beta of 0.82. Farmers National Banc has a twelve month low of $10.38 and a twelve month high of $16.32. The business has a 50-day simple moving average of $14.88 and a two-hundred day simple moving average of $13.35. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.22.

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

Farmers National Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.64%. The ex-dividend date was Friday, September 13th. Farmers National Banc’s dividend payout ratio (DPR) is 46.90%.

Analyst Ratings Changes

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

Insider Buying and Selling at Farmers National Banc

In other news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now owns 35,282 shares in the company, valued at $529,230. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.00, for a total transaction of $26,985.00. Following the completion of the sale, the executive vice president now owns 35,282 shares in the company, valued at $529,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark J. Wenick sold 2,000 shares of Farmers National Banc stock in a transaction 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 completion of the transaction, the executive vice president now owns 27,116 shares in the company, valued at $430,602.08. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in Farmers National Banc in the 1st quarter valued at about $73,000. True Wealth Design LLC purchased a new stake in shares of Farmers National Banc in the fourth quarter valued at about $89,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Farmers National Banc in the first quarter valued at approximately $140,000. Cubist Systematic Strategies LLC increased its stake in shares of Farmers National Banc by 8.1% during 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 in the last quarter. Finally, Busey Bank purchased a new position in shares of Farmers National Banc during the 2nd quarter worth approximately $224,000. Hedge funds and other institutional investors own 38.72% of the company’s stock.

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.