Farmers National Banc Corp. (NASDAQ:FMNB) EVP Timothy F. Shaffer Sells 1,799 Shares

Farmers National Banc Corp. (NASDAQ:FMNB) EVP Timothy F. Shaffer sold 1,799 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.00, for a total value of $26,985.00. Following the completion of the sale, the executive vice president now owns 35,282 shares of the company’s stock, valued at approximately $529,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Farmers National Banc Stock Down 0.7 %

Shares of Farmers National Banc stock opened at $15.00 on Friday. Farmers National Banc Corp. has a 1 year low of $10.38 and a 1 year high of $16.32. The business has a 50-day moving average of $14.23 and a two-hundred day moving average of $13.16. The company has a market capitalization of $563.25 million, a P/E ratio of 10.34 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.73 and a quick ratio of 0.73.

Farmers National Banc (NASDAQ:FMNB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 the consensus estimate of $42.15 million. As a group, equities analysts predict that Farmers National Banc Corp. will post 1.37 EPS for the current year.

Farmers National Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 4.53%. Farmers National Banc’s dividend payout ratio is currently 46.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FMNB. New York State Common Retirement Fund boosted its position in shares of Farmers National Banc by 46.3% during the fourth quarter. New York State Common Retirement Fund now owns 16,817 shares of the bank’s stock worth $243,000 after buying an additional 5,320 shares during the period. Schneider Downs Wealth Management Advisors LP boosted its position in shares of Farmers National Banc by 3.7% during the fourth quarter. Schneider Downs Wealth Management Advisors LP now owns 220,225 shares of the bank’s stock worth $3,182,000 after buying an additional 7,959 shares during the period. True Wealth Design LLC acquired a new position in shares of Farmers National Banc during the fourth quarter worth about $89,000. Assenagon Asset Management S.A. boosted its position in Farmers National Banc by 15.3% during the first quarter. Assenagon Asset Management S.A. now owns 30,500 shares of the bank’s stock valued at $407,000 after purchasing an additional 4,044 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Farmers National Banc by 74.8% during the first quarter. BNP Paribas Financial Markets now owns 18,139 shares of the bank’s stock valued at $242,000 after purchasing an additional 7,761 shares during the last quarter. 38.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Raymond James upped their price objective on Farmers National Banc from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $15.00 price objective (up previously from $14.00) on shares of Farmers National Banc in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Farmers National Banc presently has an average rating of “Hold” and an average price target of $15.67.

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.