Farmers National Banc Corp. (NASDAQ:FMNB - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 258,400 shares, a drop of 17.5% from the September 15th total of 313,400 shares. Based on an average daily volume of 89,100 shares, the days-to-cover ratio is presently 2.9 days.
FMNB opened at $14.77 on Monday. Farmers National Banc has a 12-month low of $10.38 and a 12-month high of $16.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $554.61 million, a PE ratio of 10.19 and a beta of 0.82. The firm's fifty day moving average price is $14.70 and its 200 day moving average price is $13.45.
Farmers National Banc (NASDAQ:FMNB - Get Free Report) last issued its 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 business had revenue of $66.45 million for the quarter, compared to analyst estimates of $42.15 million. Farmers National Banc had a net margin of 19.50% and a return on equity of 14.55%. As a group, research analysts expect that Farmers National Banc will post 1.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.68 annualized dividend and a yield of 4.60%. Farmers National Banc's payout ratio is 46.90%.
FMNB has been the subject of several analyst reports. StockNews.com downgraded shares of Farmers National Banc from a "hold" rating to a "sell" rating in a research note on Thursday, October 3rd. Raymond James upped their price objective on shares of Farmers National Banc from $16.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $15.00 target price (up from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $15.67.
Read Our Latest Stock Report on Farmers National Banc
In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the business's stock in a transaction that occurred on 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 directly owns 35,282 shares in the company, valued at $529,230. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark J. Wenick sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $15.88, for a total transaction of $31,760.00. Following the transaction, the executive vice president now directly owns 27,116 shares of the company's stock, valued at approximately $430,602.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction that occurred on 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 directly owns 35,282 shares of the company's stock, valued at $529,230. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Farmers Trust Co. raised its position in shares of Farmers National Banc by 5.0% during the 3rd quarter. Farmers Trust Co. now owns 416,520 shares of the bank's stock worth $6,298,000 after purchasing an additional 19,778 shares during the period. PEAK6 Investments LLC acquired a new stake in Farmers National Banc in the first quarter worth $248,000. Busey Bank bought a new stake in Farmers National Banc in the second quarter valued at $224,000. SG Americas Securities LLC acquired a new position in shares of Farmers National Banc during the third quarter valued at $214,000. Finally, Bank of New York Mellon Corp grew its position in shares of Farmers National Banc by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 226,896 shares of the bank's stock worth $2,834,000 after acquiring an additional 12,160 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.
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.
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