Farmers National Banc (NASDAQ:FMNB) Stock Passes Above Two Hundred Day Moving Average of $13.16

Farmers National Banc Corp. (NASDAQ:FMNB) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.16 and traded as high as $15.25. Farmers National Banc shares last traded at $15.00, with a volume of 35,473 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FMNB. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $15.00 price target (up previously from $14.00) on shares of Farmers National Banc in a research report on Thursday, July 25th. Raymond James boosted their target price on Farmers National Banc from $16.00 to $18.00 and gave the stock an “outperform” rating 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.67.

Farmers National Banc Stock 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 firm has a market capitalization of $559.87 million, a price-to-earnings ratio of 10.28 and a beta of 0.84. The stock’s fifty day moving average is $14.28 and its two-hundred day moving average is $13.16.

Farmers National Banc (NASDAQ:FMNB) last announced its earnings results on Wednesday, July 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, hitting 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 return on equity of 14.55% and a net margin of 19.50%. Analysts forecast that Farmers National Banc Corp. will post 1.37 earnings per share for the current year.

Farmers National Banc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, September 13th. Farmers National Banc’s payout ratio is 46.90%.

Insider Buying and Selling at Farmers National Banc

In other Farmers National Banc news, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 35,282 shares in the company, valued at approximately $529,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Farmers National Banc news, EVP Mark J. Wenick sold 2,000 shares of the 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 transaction, the executive vice president now directly owns 27,116 shares in the company, valued at approximately $430,602.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy F. Shaffer sold 1,799 shares of the stock in a transaction 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 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 have purchased 1,393 shares of company stock worth $17,110 in the last ninety days. 4.00% of the stock is owned by insiders.

Institutional Trading of Farmers National Banc

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC raised its holdings in shares of Farmers National Banc by 8.1% during the second 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. Inspire Investing LLC raised its holdings in shares of Farmers National Banc by 6.0% during the second quarter. Inspire Investing LLC now owns 28,564 shares of the bank’s stock worth $357,000 after purchasing an additional 1,625 shares during the period. HBK Sorce Advisory LLC raised its holdings in shares of Farmers National Banc by 4.8% during the second quarter. HBK Sorce Advisory LLC now owns 49,661 shares of the bank’s stock worth $620,000 after purchasing an additional 2,258 shares during the period. American Century Companies Inc. raised its holdings in shares of Farmers National Banc by 2.9% during the second quarter. American Century Companies Inc. now owns 300,777 shares of the bank’s stock worth $3,757,000 after purchasing an additional 8,525 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings 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 purchasing an additional 12,160 shares during the period. 38.72% of the stock is owned by institutional investors and hedge funds.

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.